Kenan Advantage Group, Inc.

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Kenan Advantage Group, Inc. - overview

Established

1989

Location

North Canton, OH, US

Primary Industry

Logistics & Distribution

About

Kenan Advantage Group, Inc. is a specialized transportation and logistics provider focused on the movement of bulk liquids and specialty products across North America, ensuring efficient delivery of essential commodities. Kenan Advantage Group, Inc. was founded in 1989 and is headquartered in North Canton, US.


The company specializes in transportation and logistics services, particularly for bulk liquids. In June 2015, OMERS, along with management, acquired Kenan Advantage Group from Centerbridge Partners and Goldman Sachs Asset Management, marking a significant change in ownership. The company has completed a total of 4 deals, with the most recent deal occurring in June 2015. The CEO is Charles Delacey.


KAG is a leading specialized transportation and logistics provider primarily engaged in the movement of bulk liquids and specialty products across the United States and Canada. The company’s core offerings include the transportation of energy commodities such as gasoline, diesel, and jet fuel, alongside chemicals, agricultural fertilizers, herbicides, and various food-grade ingredients like dairy products, juices, and pet food. By leveraging its extensive network of over 200 strategically located terminals, KAG serves diverse clients in the petroleum, chemical, and food industries, facilitating timely delivery of critical supplies. In the most recent financial year, KAG reported revenue of USD 364.


91 mn and an EBITDA of USD 36. 85 mn. The company generates revenue mainly through structured B2B contracts with large clients, ensuring a consistent income stream through negotiated agreements tailored to specific logistics needs. The acquisition in June 2015 is expected to accelerate Kenan Advantage Group's next phase of growth.


The company plans to focus on expanding its operations into new geographic regions and increasing its service offerings. As part of this strategy, recent funding will support the development of new products and enhancements to existing services, although specific timelines for these launches have not been disclosed.


Primary Industry

Logistics & Distribution

Sub Industries

Food & Beverage Distribution, Logistics & Distribution, Trucking

Website

www.thekag.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Kenan Advantage Group, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedEvergreen Transport, LLC.-
Trade SaleCompletedAgri-Carriers Group, Inc.-
LP Direct, Trade SaleCompletedKenan Advantage Group, Inc.-
Add-on, Trade SaleCompletedRTL-Westcan-
Add-onCompletedJack B. Kelley Inc.-

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