The Kenan Advantage Group (KAG) has acquired Texas-based XBL Holdings, along with its subsidiaries Xcel Bulk Logistics and XBL Industrial Materials.
As part of the transaction, 186 tractors, 365 trailers, 10 mobile storage silos, 11 terminal and satellite locations, and three maintenance facilities were added to its fleet. Additionally, 162 professional drivers and 53 operational members will be added to the workforce.
XBL is a dry bulk transport company, providing transportation, storage, and logistics services to industrial gas construction companies. The company operates the largest dry bulk fleet in the Carolinas and has significant capacity throughout the Gulf Coast and the Midwest.
Grant Mitchell, President and Chief Operating Officer at KAG, said the purchase uniquely positions KAG to materially expand its dry bulk transportation platform.
