Dive Brief:
- Kenan Advantage Group is continuing its string of dry bulk transporter acquisitions with the purchase of Evergreen Transport, according to a March 6 press release.
- As part of the deal, KAG is adding 100 drivers, 45 operations staffers, 158 tractors, 338 trailers and four terminal locations in Alabama. Financial terms of the transaction were not disclosed.
- “It is exciting to be an integral part of a new and expanding dry bulk platform which is capitalizing on the strengths of reputable and experienced players in our niche,” said David Wildberger, president of Evergreen Transport, in the release.
Dive Insight:
Entering the dry bulk transportation market in February 2024, KAG has acquired Northern Dry Bulk, PRM Trucking, XBL Holdings and now Evergreen — quickly scaling its foothold.
Evergreen, headquartered in Mobile, Alabama, specializes in the delivery of dry bulk materials such as lime, cement and fly ash across the Southeastern U.S. Founded in 1946 by Walter Poole, the truckload carrier’s legacy has extended three generations, the release said.
“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’s EVP of Dry Bulk, in the release. “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.”
KAG, based in North Canton, Ohio, has a network that includes more than 200 terminals and 130 maintenance shops spanning the U.S. and Canada, according to its website.
In addition to its expanding dry bulk business, the company transports bulk liquids and other specialty products such as gas, diesel, jet fuel and other chemicals.
