Kenan Advantage Group (KAG), a bulk transportation and logistics provider to the petroleum and niche chemical industries, is buying Transport Service Co. (TSC) for an undisclosed sum and plans to wrap up the purchase by the end of February.
“TSC is a perfect fit to our business model of dedicated trucks, dedicated schedules and dedicated contracts,” said Dennis Nash, KAG’s president & CEO. “It also provides us with a stand-alone platform to further expand our current chemical transportation operations [along with] an opportunity to grow the food-grade products line. This separate, stand-alone platform will also allow KAG to continue to focus on growing our core business of delivering petroleum and renewable fuels.”
He added that TSC will join KAG’s other operating subsidiaries: Advantage Tank Lines, BXI, KAG West, Kenan Transport, Klemm Tank Lines, North Canton Transfer, and Petro-Chemical Transport. With the TSC acquisition, KAG’s fleet will now number more than 3,100 power units and 4,100 trailers
TSC, founded in 1946, operates primarily in the Midwest, Northeast, Southeast and Gulf Coast regions, along with parts of Canada and Mexico and booked $130 million in revenues last year. It operates 18 terminals, employs approximately 750 persons (including 525 company drivers), and its fleet consists of 550 company-owned tractors, 90 owner-operated tractors and 1,300 specialized stainless steel trailers.