When Did Kenan Advantage Group Acquire Transport Service Co

Kenan Advantage Group is expanding its Canadian business through the acquisition of Quebec-based Kenan Advantage Group. (Photo: Jim Allen/FreightWaves)

Kenan Advantage Group (KAG) has acquired Quebec-based tank truck carrier Les Distributions Carl Beaulac (Beaulac Transport), expanding the U.Due south. company's footprint in eastern Canada.

The acquisition adds almost 80 tractors, 100 drivers and two facilities to Ohio-based KAG'south existing Canadian subsidiary, Westcan Bulk Send. Beaulac specializes in transporting petroleum, chemicals, aggregates and hot products.

"Beaulac Transport has built a stiff solid reputation in the transportation industry based on its hands-on, customer-focused approach to its operations," KAG Chief Operating Officer Grant Mitchell said in a statement on Fri. "They have been a long-continuing leader in our industry by always putting their customers, employees and safety first. We believe our two companies are a perfect fit as we share the aforementioned cadre values and future goals."

Beaulac co-owner Carl Beaulac joins Westcan. He will oversee operations due east of Ontario as Westcan grows its business organization outside of Western Canada.

KAG did not disclose the price of the deal, which information technology fabricated through RTL Westcan. It closed on Friday.

It marks the latest in a flurry of Canadian transportation and logistics acquisitions — the fifth in the past calendar month. Concluding Tuesday, TFI International announced the acquisition of U.S. third-party logistics provider DLS Worldwide for $225 meg.

KAG is the largest tank truck carrier and logistics provider in North America. It has a fleet of over 7,000 trucks, serving the continental Us and parts of Canada and United mexican states.

"Nosotros're advantaged because a lot of our business is defended, information technology'south out and back. In fact, with almost half of it, the average length of haul is only 35-40 miles, so drivers show up and work shifts, so it'due south actually like working at a factory," KAG CEO Bruce Blaise told FreightWaves CEO Craig Fuller in 2019.

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Nate Tabak is a Toronto-based announcer and producer who covers cybersecurity and cantankerous-border trucking and logistics for FreightWaves. He spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Expanse, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.

Source: https://www.freightwaves.com/news/kenan-advantage-group-acquires-canadas-beaulac-transport

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