The Kenan Advantage Group, Inc. recently acquired M.C. Tank Transport, Inc., a diversified transportation company specializing in the delivery of liquid bulk chemicals in tankers and ISO containers.
Terms of the deal were not disclosed.
The West Chester, Ohio-based company operates eight terminal locations and three ISO container depots throughout the Southeast and Midwest, delivering and storing caustic soda, sulfuric acid, hydrochloric acid, and other specialty chemicals.
"This acquisition marks a key milestone in KAG's continued growth and solidifies our commitment to delivering innovative, specialized solutions to our chemical customers," said Charlie DeLacey, CEO of KAG. "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 continued.
RELATED NEWS: KAG acquires Mobile, Alabama dry bulk hauler Evergreen Transport
As part of the transaction, KAG will welcome about 175 professional drivers and 70 operational and administrative members to their team while also growing their fleet by acquiring 100 tractors and 500 trailers/chassis. The ISO depots also provide container services, including storage, steaming, washing, and maintenance.
"KAG is the perfect partner to provide MC Tank with the resources and know-how to expand our footprint, capabilities, technology, and services," ssaid MC Tank's President Michael Anderson. "We are far from done implementing our vision and accomplishing the goals we have set for our organization. We are tremendously excited for the opportunity to join the KAG team."
