The Kenan Advantage Group Inc. has expanded its footprint with the acquisition of K-Limited Carrier Ltd. The Toledo, Ohio-based company is one of the premier liquid bulk transporters of chemical products within the Midwest, according to the KAG announcement.
The deal means about 100 professional drivers/independent contractors, technicians, and other employees will join KAG within its Specialty Products Group. Kim Kaplan and Dean Kaplan, K-Limited’s founders and owners, will also join KAG and continue to manage the day-to-day operations of their former company. The Kaplans are well-known tank truck professionals who established K-Limited over 25 years ago, according to KAG.
KAG will also acquire approximately 95 tractors and 195 trailers, along with terminal and satellite locations in Toledo, Detroit, Chicago, Cincinnati, and Cleveland. K-Limited primarily hauls oils and lubrications, acids, petrochemicals, and solvents.
“This represents another key step in KAG’s effort to build out the industry-leading chemical logistics platform, further expanding our service capabilities and market footprint,” said Charlie DeLacey, CEO of KAG, in a news release. “K-Limited’s customers benefit by being able to tap into a larger network and additional services, while employees will have career growth opportunities across the KAG organization.”
Grant Mitchell, KAG president and COO said both companies put the safety and needs of its employees and customers first, which will make for a smooth transition. “We’ve prided ourselves on acquiring the ‘best of the best’ organizations over the years and K-Limited is a great example of this strategy,” he said.
Last year, KAG acquired Ag Trucking Inc., a Goshen, Indiana-based liquid bulk transporter of food products with over 42 years of experience in the industry. That deal brought approximately 180 tractors, 320 trailers, and six terminal/office locations, including tank wash facilities and maintenance shops, to the tank truck giant.
The Kenan Advantage Group operates through six operating groups: Fuels Delivery, Specialty Products, Food Products, Merchant Gas, KAG Canada, and KAG 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.