The Kenan Advantage Group (KAG) has acquired K-Limited Carrier, an Ohio-based liquid bulk transporter of chemical products.
Confirming the news on Monday (7th Feb), KAG said the deal will see the company gain approximately 95 tractors and 195 trailers, along with terminal and satellite locations in Toledo, Detroit, Chicago, Cincinnati, and Cleveland
In addition to the above, approximately 100 professional drivers, independent contractors, technicians, and other operational employees join KAG’s Specialty Products Group.
Charlie DeLacey, CEO of KAG, said, “There are tremendous opportunities to be gained by both companies through this combination. 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.”
“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 organisation. We look forward to combining the energy, passion, and knowledge of our respective teams.”
Supporting the move will be K-Limited founders and owners, Kim Kaplan and Dean Kaplan, who will join KAG and continue to manage the day-to-day operations of their former company.
The Kaplan’s commented, “We are extremely pleased to combine our operations with KAG as we truly believe it is the right partner at the right time for K-Limited to set the foundation for its future success.”
“We’re excited to join the recognised industry leader and continue our contributions to our team, our customers, and our industry that have served us so well for so many years.”