Akron, Ohio-based reefer carrier Kandel Transport has been acquired by Nagle Companies, a provider of temperature-controlled food transportation. Terms of the deal were not disclosed.
The deal follows a years-long partnership between Kandel Transport owner Jack Daniels and Ed Nagle, president & CEO of Walbridge, Ohio-based Nagle Companies. Daniels last year approached Nagle about forming a strategic partnership, which ultimately evolved into a full acquisition following months of discussion and evaluation.
"Kandel Transport has built a strong reputation for integrity, safety, and reliability," said Nagle. "We saw early on that our companies shared not only the same values, but also complementary strengths. By joining forces, we'll be able to provide enhanced resources, upgraded technology, and stronger network opportunities for our customers while supporting the talented team at Kandel."
With the addition of Kandel's fleet, the combined operation will now feature 115 tractors, 200 trailers, and generate approximately $45 million in annual revenue and gives Nagle strategic advantages, including Kandel's cross-border operations into Canada.
Kandel Transport will continue to operate under its existing name and structure as integration efforts move forward.
"This partnership allows Kandel to remain true to who we are while also giving us access to resources that will strengthen our long-term future," said Daniels. "Our drivers, staff, and customers will benefit from the expanded opportunities, modern technology, and operational expertise that come with being part of the Nagle family."
