transportation M&A

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

Kenco adds 4 warehouses in Canada as part of 3PL acquisition

Third-party logistics provider Kenco announced Monday it has acquired the 3PL arm of Ontario, Canada-based distribution and fulfillment company Drexel Industries.

The deal includes four warehouses in Ontario, serving Toronto, Detroit and Buffalo, New York, as well as 100 employees who will now work for Kenco.

The transaction expands Kenco’s presence in Canada. Financial terms of the deal were not disclosed.

“As Kenco continues to grow, we’ve looked for opportunities to better serve our existing...

https://www.freightwaves.com/news/kenco-adds-4-warehouses-in-canada-as-part-of-3pl-acquisition

Premier Bulk Systems acquires Canada east coast operator

Premier Bulk Systems has acquired fellow bulk liquid hauler Longhorn Transportation for an undisclosed sum.

The deal gives Ontario, Canada-based Premier Bulk Systems a presence in the Maritime Provinces along Canada’s east coast.

New Brunswick, Canada-based Longhorn provides bulk liquid truckload services, hauling petroleum products, asphalt and chemicals. The 21-year-old carrier also provides flatbed and dry van TL transportation.

“The addition of Longhorn into Premier’s operating network is...

https://www.freightwaves.com/news/premier-bulk-systems-acquires-canada-east-coast-operator

Forward Air looks for a fresh start in Delaware

Forward Air is asking shareholders to approve a plan to reincorporate from Tennessee to Delaware. The calculated move would provide the troubled trucking and logistics company with improved optionality as it navigates a strategic review following the fallout from a controversial merger with Omni Logistics. One potential outcome from the review process includes the sale of the company, which may be easier to accomplish if it is domiciled in Delaware.

A preliminary proxy statement filed with the...

https://www.freightwaves.com/news/forward-air-looks-for-a-fresh-start-in-delaware

AIT Worldwide Logistics acquires Miami freight forwarder

Global freight forwarder AIT Worldwide Logistics announced Tuesday it has acquired Miami-based forwarder GSDMIA Inc. The deal is expected to bolster AIT’s trade lanes between Asia, Europe, Latin America and the U.S.

GSDMIA specializes in arranging air and ocean transportation of commercial HVAC equipment, cryptocurrency data servers and cosmetics. It had been operating as an independent contractor for another freight forwarder.

GSDMIA’s operations will fold into an existing AIT office in Miami,...

https://www.freightwaves.com/news/ait-worldwide-logistics-acquires-miami-freight-forwarder

Vertical Cold Storage acquires Detroit operator Arctic Logistics

Vertical Cold Storage announced the acquisition of Canton, Michigan-based Arctic Logistics on Wednesday, making it the sixth-largest cold storage company in North America.

The acquired location adds 140,000 square feet, 19 dock doors and more than 20,000 pallet positions to Vertical Cold’s network. The site is U.S. Department of Agriculture inspection-certified and provides storage temperatures ranging from negative 20 degrees to 40 degrees Fahrenheit.

The deal marks Vertical Cold’s fifth...

https://www.freightwaves.com/news/vertical-cold-storage-acquires-detroit-operator-arctic-logistics

Lineage finalizes acquisition of Bellingham Cold Storage

Temperature-controlled warehouse operator Lineage Inc. announced Tuesday that it has acquired Bellingham Cold Storage (BCS) and its three warehouses.

The facilities sit on the west coast of Washington at the Port of Bellingham and in Burlington, which are between the ports of Seattle and Vancouver, British Columbia. The combined footprint includes 85,000 pallet positions and 24 million cubic feet of space.

“This strategic acquisition positions us to better serve customers in the Pacific Northwest...

https://www.freightwaves.com/news/lineage-finalizes-acquisition-of-bellingham-cold-storage

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

ContainerPort Group expands Southern California dray network with acquisition

ContainerPort Group announced that its parent, World Group, has acquired Dray Alliance, making the combined operation one of the largest dray providers to the Southern California ports.

Founded in 2018, Long Beach, California-based Dray Alliance provides end-to-end drayage management in the Los Angeles and Long Beach markets. The addition of Dray Alliance expands ContainerPort Group’s carrier network and improves its technology platform with enhanced real-time tracking and other automation tools.

https://www.freightwaves.com/news/containerport-group-expands-southern-california-dray-network-with-acquisition

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

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