Kenan Advantage Group, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Evergreen Transport, LLC. | - | ||||||||
| Trade Sale | Completed | Agri-Carriers Group, Inc. | - | ||||||||
| LP Direct, Trade Sale | Completed | Kenan Advantage Group, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | RTL-Westcan | - | ||||||||
| Add-on | Completed | Jack B. Kelley Inc. | - |
Displaying 1 - 5 of 11

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.