The private equity arm of the Canadian pension fund OMERS is considering selling Kenan Advantage Group in a deal that could bring in $2.5 billion or more for the tank truck carrier, Bloomberg reported Tuesday, citing anonymous sources.
OMERS Private Equity, which acquired Kenan in 2015, declined to comment on the report. But Kenan could attract significant interest from private equity firms and large transportation and logistics companies.
Ohio-based Kenan (KAG) is North America’s largest tank...
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