Kenan Advantage Group Expands Dry Bulk Unit in Alabama
Evergreen Transport Acquisition Extends Dry Bulk Spending Spree
(Kenan Advantage Group)
[Stay on top of transportation news: Get TTNews in your inbox.]
Kenan Advantage Group will buy Mobile, Ala.-based Evergreen Transport for an undisclosed sum, adding to the ongoing expansion of its dry bulk operations.
Since entering the dry bulk segment just over a year ago with the purchase of Northern Dry Bulk, KAG has made three further acquisitions including Evergreen.
Evergreen specializes in the delivery of materials like lime and cement throughout the southeastern U.S.
“As we continue to strategically build our dry bulk transportation platform, Evergreen Transport is another perfect fit with our growth plan,” said Rick Hoyle, KAG executive vice president of dry bulk.
“Their customer-centric business model, along with their diverse end-user markets, complements our current dry bulk operations, which have grown significantly over the last 12 months. We are also inspired by Evergreen’s truly unique, family-owned history, which captures the entrepreneurial spirit of our industry,” Hoyle added.
Evergreen employs about 100 drivers and 45 operational staff. It has 158 tractors, 338 trailers and four terminal and satellite locations throughout Alabama.
North Canton, Ohio-based KAG made its first foray into the dry bulk segment in February 2024 with the acquisition of Northern Dry Bulk.
Clare, Mich.-based Northern Dry Bulk specializes in transporting and storing plastic resins for customers in the automotive, packaging and electronic industries in the U.S. and Canada.
Northern Dry Bulk brought 36 tractors, 91 trailers, two terminals with two maintenance bays, plus warehouse space and transloading capabilities to the KAG fold.
That was followed in November by the acquisition of PRM Trucking, a White Pigeon, Mich.-based company specializing in logistics for the manufacturing and foundry industries, and XBL Holdings.
Mike Freeze discusses the technician shortage with Amanda Schuier of Jetco Delivery and the Technology & Maintenance Council. Tune in above or by going to RoadSigns.ttnews.com.
XBL, headquartered in Weatherford, Texas, operates a dry bulk fleet in the Carolinas and has operations in the Gulf Coast and Midwest regions. The purchase included XBL subsidiaries Xcel Bulk Logistics and XBL Industrial Materials.
As part of the XBL transaction, KAG added 186 tractors, 356 trailers, 10 mobile storage silos, 11 terminal and satellite locations, and three maintenance facilities. The company employs 162 drivers and 53 operational team members.
The PRM acquisition comprised 39 tractors, 91 trailers, a terminal, a maintenance facility and about 3,000 feet of rail for transloading operations. PRM specialized in lime, sand and other dry bulk materials.
KAG ranks No. 21 on the Transport Topics Top 100 list of the largest for-hire carriers in North America and No. 1 on the tank/bulk carriers sector list. Its freight brokerage arm, KAG Logistics, ranks No. 97 on the TT Top 100 list of North America’s largest logistics companies.
The company has been gradually climbing the Top 100 lists through bolt-on acquisitions across segments beyond dry bulk haulage too.
KAG in August said it had acquired Abbeville, La.-based chemicals, water treatment products and plastic transporter TransVac. TransVac became part of KAG’s specialized operations unit.
In December 2023, it acquired Lake Wales, Fla.-based Florida Food Tankers, which specializes in intrastate bulk food transportation and logistics, primarily citrus juices in Florida; and it purchased in October 2023 Burley, Idaho-based liquid food grade product carrier Idaho Milk Transport.
KAG has six divisions: KAG Energy, KAG Specialty Products, KAG Food Products, KAG Merchant Gas, KAG Canada and KAG Logistics.
Comments are closed, but trackbacks and pingbacks are open.