AEP River Operations
- Company typePrivate
- Founded2001
- HeadquartersSt Louis, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
AEP River Operations firmographics
Firmographics- Name
- AEP River Operations
- Legal name
- AEP River Operations LLC
- Website
- https://aepriverops.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Where AEP River Operations is headquartered
LocationHeadquarters
- HQ city
- St Louis
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
AEP River Operations business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain
Revenue model
- Commercial Barge Transportation Services: Provided commercial inland barge transportation services for bulk cargo including coal and other products. The company delivered approximately 45 million tons of products annually.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
AEP River Operations product offering
Product offeringCore offering
AEP River Operations was a commercial inland barge transportation company that moved dry bulk commodities, principally coal and industrial products, on the U.S. inland river system. The company operated a fleet of 56 towboats and 2,301 barges, delivering approximately 45 million tons of cargo annually including 10 million tons of coal.
Product overview
AEP River Operations was a commercial inland barge transportation subsidiary of American Electric Power, formerly known as MEMCO. The company provided barge transportation services delivering approximately 45 million tons of products annually, including 10 million tons of coal, operating a fleet of 56 towboats and 2,301 barges. The business was headquartered in Chesterfield, Missouri with operations in Paducah, Kentucky, and Convent, Algiers and Belle Chasse, Louisiana. AEP River Operations was sold to American Commercial Lines (ACL) in November 2015 for approximately $550 million.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Inland Barge Transportation Services Commercial inland barge transportation services delivering approximately 45 million tons of products annually, including 10 million tons of coal, via a fleet of 56 towboats and 2,301 barges on U.S. inland waterways. Services were provided to industrial bulk cargo shippers and electric utilities, with a notable captive fleet arrangement delivering about 19 million tons of coal annually to AEP's regulated power plants.
Quantifiable outcome
- 45 million tons of products transported annually
- +1 more outcomes
Companies that use AEP River Operations
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
AEP River Operations technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
AEP River Operations partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- American Commercial Lines (ACL)coreACL, owned by Platinum Equity, acquired AEP River Operations for approximately $550 million in November 2015. AEP retained ownership of its captive barge fleet delivering coal to regulated power plants, with a contract for ACL to dispatch and operate this captive fleet through end of 2016.
Scale indicators6 records
Recent moves4 records
Expansion highlights3 records
AEP River Operations competitors and assessment
Company assessmentDirect peers
- American Commercial Lines (ACL): ACL is the Platinum Equity-backed acquirer of AEP River Operations in 2015 and a major U.S. inland barge operator with overlapping Mississippi River system operations and dry-bulk capabilities. It is the most directly comparable peer by business model, geographic footprint, and commodity mix.
- Ingram Marine Group: Ingram Marine Group is a major U.S. inland barge and towboat operator with significant dry-bulk exposure on the Mississippi River system. It is directly comparable to AEP River Operations in fleet-based bulk commodity transport for industrial customers along the same inland corridors.
- Blessey Marine Service: Blessey Marine Service operates barges and towboats on the Mississippi River system and Gulf Intracoastal Waterway providing dry-bulk and liquid transport for industrial customers. It is directly comparable to AEP River Operations as a mid-sized inland barge operator with overlapping trade lanes and commodity coverage.
- CGB Maritime Solutions: CGB Maritime Solutions, the barge-fleet arm of CGB Enterprises, operates towboats and barges on the Mississippi and Illinois Rivers focused on grain, fertilizer and other dry-bulk agricultural commodities. It is directly comparable to AEP River Operations as a similarly configured dry-bulk barge operator serving industrial/agricultural shippers on the inland waterway system.
- American River Transportation Company (ARTCO): ARTCO is the captive barge operation retained by American Electric Power after the AEP River Operations sale, operating 12 towboats and 498 barges to deliver ~19 million tons of coal annually to AEP's regulated power plants. It is directly comparable as the captive-fleet analog carved out of AEP River Operations and still serves the same AEP utility customers.
- Kirby Corporation: Kirby Corporation (NYSE: KEX) is the largest U.S. inland marine transportation company, operating a large barge and towboat fleet across the Mississippi River system, Gulf Intracoastal Waterway, and coastal trades. It is directly comparable to AEP River Operations as a similarly scaled inland barge operator serving bulk industrial customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
AEP River Operations social profiles
Digital presenceAEP River Operations financial estimates
Financial estimateRevenue estimate
Valuation estimate
AEP River Operations leadership team
Management profileNumber of profiles
AEP River Operations funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AEP River Operations M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AEP River Operations
What does AEP River Operations do?
AEP River Operations was a commercial inland barge transportation company that moved dry bulk commodities, principally coal and industrial products, on the U.S. inland river system. The company operated a fleet of 56 towboats and 2,301 barges, delivering approximately 45 million tons of cargo annually including 10 million tons of coal.
Is AEP River Operations a public or private company?
AEP River Operations is a private company. It is classified as private equity controlled and is currently acquired.
When was AEP River Operations founded?
AEP River Operations was founded in 2001. It employs 1,001 to 5,000 people.
Where is AEP River Operations based?
AEP River Operations is headquartered in St Louis, United States, in the North America region.
How does AEP River Operations make money?
One revenue line is on record: commercial Barge Transportation Services.
Who are AEP River Operations's main competitors?
Direct peers on record are American Commercial Lines (ACL), Ingram Marine Group, Blessey Marine Service, CGB Maritime Solutions, American River Transportation Company (ARTCO) and Kirby Corporation.
Does AEP River Operations have an API?
No public API is recorded for AEP River Operations.