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SEARCHThe Kenan Advantage Group continues to grow through acquisitions, announcing the acquisition of M.C. Tank Transport Inc., which specializes in the delivery of liquid bulk chemicals in tankers and ISO containers.
The deal will grow the KAG fleet by 100 tractors and 500 trailers/chassis.
Image: HDT graphic from KAG photo
The Kenan Advantage Group continues to grow through acquisitions, announcing the acquisition of MC Tank Transport Inc., which specializes in the delivery of liquid bulk chemicals in tankers and ISO containers.
West Chester, Ohio-based MC Tank operates from eight terminal locations and three ISO container depots throughout the Southeast and Midwest, delivering and storing caustic soda, sulfuric acid, hydrochloric acid, and other specialty chemicals.
“By combining the strengths of MC Tank with our existing fleet and network, we are enhancing our capabilities to offer not only premier chemical transportation but also ISO container storage, transport, and related service to meet the evolving demands of our customers’ supply chains,” said KAG CEO Charlie DeLacey in a news release.
As part of the transaction, KAG will welcome approximately 175 professional drivers and 70 operational and administrative members to its team while growing the KAG fleet by acquiring 100 tractors and 500 trailers/chassis.
The ISO depots also provide container services, including storage, steaming, washing, and maintenance.
“KAG is the perfect partner to provide MC Tank with the resources and know-how to expand our footprint, capabilities, technology, and services,” said MC Tank President Michael Anderson in a news release.
“We are far from done implementing our vision and accomplishing the goals we have set for our organization. We are tremendously excited for the opportunity to join the KAG team.”
It's the latest in a string of KAG acquisitions over the past few years. Earlier this year, KAG continued to expand its dry-bulk operations with the purchase of Evergreen Transport LLC, a dry-bulk hauler based in Mobile, Alabama.
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