Kenan Advantage Group has acquired M.C. Tank Transport, building upon previous acquisitions of bulk transporters, according to a March 31 press release. KAG did not disclose the terms of the deal.
M.C. Tank Transport, based in West Chester, Ohio, specializes in the delivery of liquid bulk chemicals in tankers and ISO containers, or containers compliant with the International Organization for Standardization. It operates eight terminals and three ISO container depots through the Midwest and Southeast, according to the release.
The bulk transporter delivers and stores caustic soda, sulfuric acid, hydrochloric acid and other specialty chemicals. As part of the acquisition, KAG will gain 175 drivers, 70 operational and administrative team members and a fleet of 100 tractors and 500 trailers/chassis, per the release.
“This acquisition marks a key milestone in KAG's continued growth and solidifies our commitment to delivering innovative, specialized solutions to our chemical customers,” Charlie DeLacey, CEO of KAG, said in the release.
The Ohio-based tanker giant bought Evergreen Transport early in March and two dry bulk carriers — PRM Trucking and XBL Holding — in November of last year.
"By combining the strengths of MC Tank with our existing fleet and network, we are enhancing our capabilities to offer not only premier chemical transportation but also ISO container storage, transport, and related services to meet the evolving demands of our customers' supply chains," DeLacey said.
