The Kenan Advantage Group Inc, a portfolio company of OMERS Private Equity, has acquired Agri-Carriers Group Inc (ACG), a Jackson, Illinois-based provider of food-grade transportation services. The deal, the terms of which were not disclosed, includes ACG’s two trucking operations, Landes Trucking and Charles G. Lawson Trucking. Kenan, a tank truck transporter and logistics specialist, said the acquisition is a strategic fit that doubles the size its food transportation business. North Canton, Ohio-based Kenan was bought by OMERS from Goldman Sachs Capital Partners and Centerbridge Partners last year.
The Kenan Advantage Group Acquires Agri-Carriers Group, Inc.
NORTH CANTON, OH, September 19, 2016 – The Kenan Advantage Group, Inc. (“KAG”), North America’s largest tank truck transporter and logistics provider, announced that it has completed the acquisition of Agri-Carriers Group, Inc. (“ACG”). ACG is a leading provider of dedicated food-grade transportation services for blue-chip customers across the U.S. The company is comprised of two long-established trucking operations, Landes Trucking and Charles G. Lawson Trucking.
According to KAG CEO Dennis Nash, “By partnering with this “best-in-class” organization, we have doubled the size of our food transportation business. We are committed to the success of this growing platform, which is evidenced by the acquisition of ACG. Their expertise and scale in this space complements our legacy business and firmly establishes KAG as one of the leading food-grade carriers in the U.S.”
Headquartered in Jacksonville, IL, ACG is focused on the transport of bulk food-grade products such as edible oils, yeast, vinegar and sweeteners. The company employs approximately 375 employees including 260 drivers. ACG operates a specialized fleet of approximately 250 tractors and 425 trailers and conducts business out of five terminals, four of which have food-grade tank washing stations.
“The alignment of our core values, operational structure and strategic plans made our decision to join KAG extremely compelling,” stated Roger Ross, CEO of ACG. “By combining our talented employees, fleet and terminal locations, we expect to further enhance services to our collective customers while expanding our customer base and food-grade product service lines. This will also provide additional career opportunities for our employees.”
“The acquisition of ACG is a strong strategic fit that demonstrates our focus on the food-grade industry,” said Charlie Delacey, Vice President of Corporate Development for KAG. “We will continue to pursue additional growth opportunities in the sector as we further expand our leadership position in food-grade transportation,” continued Delacey.
The Kenan Advantage Group, Inc. (www.thekag.com) operates through its five groups consisting of Fuels Delivery, Specialty Products, Merchant Gas, KAG Canada and Logistics. The company has terminal and satellite locations in 40 states and five Canadian provinces and territories, with the ability to deliver within all 48 contiguous states, Canada and Mexico. KAG also provides specialized supply chain logistics services through KAG Logistics and KAG Ethanol Logistics (www.kaglogistics.com).
Photo courtesy of Kenan Advantage Group