The Canadian affiliate of Kenan Advantage Group, a portfolio company of OMERS Private Equity, has acquired Paul’s Hauling, a Winnipeg-based provider of bulk transport services. No financial terms were disclosed. Based in North Canton, Ohio, Kenan is a tank truck transporter and logistics provider.
NORTH CANTON, OH, October 2, 2020 – The Kenan Advantage Group, Inc. (“KAG”), North America’s largest tank truck transporter and logistics provider, announced that it has completed the acquisition of Paul’s Hauling LTD, through its Canadian subsidiary, KAG Canada/RTL Westcan. The Winnipeg, Manitoba-based company is a leading provider of bulk transport services in Western Canada.
According to KAG COO Grant Mitchell, “We have a long history and positive relationship with Paul’s Hauling which was founded by Paul Albrechtsen in 1957. At one point in our past, our two companies fell under the same Canadian ownership. This transaction is a natural fit for us based on the many synergies in our operations such as geographic locations, products hauled, customer base and operating systems.”
As part of the transaction, KAG Canada will acquire 233 tractors, 353 trailers, and most importantly, 192 professional drivers and 112 highly skilled operational personnel. Their operations are located in Winnipeg and Brandon, Manitoba, Esterhazy, Saskatchewan and Thunder Bay, Ontario.
Rod Corbett, who joins KAG Canada as Executive Vice President of Business Administration stated, “Paul’s Hauling and Westcan Bulk were founded and built by Paul Albrechtsen who started his business in Canada with one truck. Paul passed away in 2019 and it was his wish that the two companies be under the same ownership once again. I’m pleased we were able to honor his request. Together, Westcan and Paul’s are stronger and capable of providing even better services to our customers.”
“I’m really pleased we can bring everyone back together again in what will be a very smooth transition,” continued Mitchell. There is a tremendous amount of respect between our two organizations and we look forward to working with many familiar faces from our past.”
The Kenan Advantage Group, Inc. (www.thekag.com) operates through its six operating groups consisting of Fuels Delivery, Specialty Products, Food Products, Merchant Gas, KAG Canada (RTL/ Westcan) and Logistics. The company has terminal and satellite locations in 40 states and seven 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 (www.kaglogistics.com).