The Kenan Advantage Group recently completed the purchase of Carbon Express Inc.
Carbon Express, which is based in Wharton, New Jersey, transports liquid bulk products throughout North America, including chemicals, transformer oil, motor oil, lubricants, and water treatment chemicals.
"The acquisition of Carbon Express is another great strategic fit to our expansion in the specialty products market.," said Karen Rizzuto, KAG's senior vice president of Operations, Specialty Products. "Their operating region and customer base complements our footprint today, but also provides additional expansion opportunities in the Northeastern U.S. Along with a tremendous attention to customer service, the leadership team focuses on an employee-centric model with a strong emphasis on safety. This commitment is important to all of us."
As part of the transaction, the entire Carbon Express team will join KAG within its Specialty Products division, including about 65 professional drivers/independent contractors. Carbon Express' Executive Chairman and founder Steve Rush will remain with the company throughout the transition and President, Sean McAllister, will continue to manage the daily operations.
The Kenan Advantage Group, Inc. is North America's largest tank truck transporter and logistics provider (www.thekag.com). The company operates through its six operating groups consisting of KAG Energy, KAG Specialty Products, KAG Food Products, KAG Merchant Gas, KAG Canada, and KAG Logistics.