The Kenan Advantage Group (KAG) has acquired Ag Trucking, an Indiana-based liquid bulk transporter of food products.
Confirming the news on Tuesday (1st June) KAG said that through the transaction it will acquire approximately 180 tractors, 320 trailers and six office locations in Indiana, Ohio, Iowa, Illinois and North Carolina.
“We are excited about the operational fit, along with the new opportunities Ag Trucking brings to the table,” said Tyler Coventry, Executive Vice-President of KAG Food Products.
“Most importantly, this acquisition allows us to grow our professional driver workforce by approximately 40% in our food products business.”
“In today’s world of nationwide driver shortages, having safe, qualified drivers is key to better serving our customers along with growing our operations.”
Rebecca White, KAG’s Vice-President of Corporate Development, added, “We’ve been working hard to build our food products network to better utilise our transportation assets across the country.”
“Ag Trucking is an excellent example of that strategy at work. Not only do they allow us to enhance service offerings to our current customer base, but the acquisition opens the door to new regions, customers and growth opportunities.”