KAG

KAG Canada acquires milk hauler Fisher Transport

North America’s biggest tank trucking company, Kenan Advantage Group (KAG), announced it has acquired Nova Scotia-based liquid bulk hauler Fisher Transport through its Canadian subsidiary, KAG Canada.

Fisher Transport is a 60-year-old carrier focused on hauling milk along Canada’s Atlantic Coast. In addition to moving 200 million liters (53 million gallons) of raw milk annually, Fisher hauls other food-grade products and chemicals out of three locations in Nova Scotia, New Brunswick, and...

https://www.freightwaves.com/news/kag-canada-acquires-milk-hauler-fisher-transport

Kenan Advantage Group acquiring MC Tank Transport

Kenan Advantage Group (KAG) is acquiring liquid bulk hauler MC Tank Transport (MCT), according to an internal MCT memo to drivers on Tuesday. The latest acquisition for KAG will also provide it with a platform to provide International Organization for Standardization (ISO) tank services.

The deal will also include MCT subsidiaries MC Leasing, KI Leasing and Liquid Solutions Tank Leasing.

West Chester, Ohio-based MCT operates out of 11 terminals throughout the Midwest, South and East as well at...

https://www.freightwaves.com/news/kenan-advantage-group-acquiring-mc-tank-transport

Kenan Advantage Group acquires Alabama-based dry bulk hauler

Kenan Advantage Group (KAG) announced Thursday it has acquired dry bulk hauler Evergreen Transport.

Mobile, Alabama-based Evergreen Transport specializes in the transportation of dry bulk commodities like ash, cement, lime and sand in addition to food-grade commodities. It operates a fleet of 158 tractors and 338 trailers out of four terminals across Alabama.

The 37-year-old carrier also provides dump trailer, flatbed and container services. Evergreen’s roughly 100 drivers and 45 operations...

https://www.freightwaves.com/news/kenan-advantage-group-acquires-alabama-based-dry-bulk-hauler

Kenan Advantage Group acquires Texas-based XBL

Kenan Advantage Group (KAG) announced Monday it has acquired dry bulk transporter XBL Industrial Materials and its logistics unit from private equity firm Lilium Group.

Weatherford, Texas-based XBL operates a fleet of 186 tractors (162 drivers) and 356 trailers, hauling bulk industrial commodities like sand, salt and lime as well as a variety of construction materials throughout the Eastern half of the U.S. It has a 53-person operations staff that manages its 10 storage silos and 11 terminals.

XBL...

https://www.freightwaves.com/news/kenan-advantage-group-acquires-texas-based-xbl

KAG acquires Michigan-based dry bulk hauler

Specialized transportation provider Kenan Advantage Group (KAG) announced Friday that it has acquired dry bulk hauler PRM Trucking.

Financial terms of the transaction were not disclosed.

Michigan-based PRM operates a fleet of 39 tractors and 91 trailers with a staff of 33 drivers and a 12-person operations team. The carrier specializes in the transloading, storage and transportation of lime and sand across the Midwest.

The acquisition includes PRM’s terminal and 3,000 feet of railroad track for...

https://www.freightwaves.com/news/kag-acquires-michigan-based-dry-bulk-hauler

Kenan Advantage Group acquires Louisiana-based tank hauler

Kenan Advantage Group (KAG) announced Tuesday it has acquired bulk tank hauler TransVac.

Abbeville, Louisiana-based TransVac primarily provides tank transportation of chemicals, plastics, petroleum products and water treatment products. The company also provides disposal services for drilling muds at oil and gas wells. It has 45 power units and 43 drivers, according to the Federal Motor Carrier Safety Administration (FMCSA). All of its drivers are hazmat-certified.

Financial terms of the...

https://www.freightwaves.com/news/kenan-advantage-group-acquires-louisiana-based-tank-hauler

Kenan Advantage Group acquires plastic resins hauler

Kenan Advantage Group (KAG) said Monday it has acquired Northern Dry Bulk for an undisclosed amount.

Clare, Michigan-based Northern Dry Bulk primarily hauls and stores plastic resins used in the automotive, packaging and electronics industries. The carrier serves the U.S. and Canada out of two terminals with a fleet of 36 tractors and 91 trailers.

The company’s drivers, technicians and operations staff will now be part of KAG.

“The acquisition of Northern Dry Bulk establishes a definitive entrance...

https://www.freightwaves.com/news/kenan-advantage-group-acquires-plastic-resins-hauler

Sale of Kenan Advantage reportedly eyed by pension fund

A truck of Kanan Advantage Group (KAG) travels on a road. The owner is reportedly considering selling KAG.

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...

https://s29755.pcdn.co/news/sale-of-kenan-advantage-reportedly-eyed-by-pension-fund