The Kenan Advantage Group (CCJ Top 250, No. 17) has acquired West Chester, Ohio-based M.C. Tank Transport. Terms of the deal were not disclosed.
M.C. Tank Transport specializes in the delivery of liquid bulk chemicals in tankers and ISO containers. It operates from eight terminal locations and three ISO container depots throughout the Southeast and Midwest, U.S., delivering and storing caustic soda, sulfuric acid, hydrochloric acid, and other specialty chemicals.
"By combining the strengths of M.C. 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," said Charlie DeLacey, Kenan Advantage Group (KAG) chief executive officer.
As part of the transaction, Kenan Advantage Group will welcome approximately 175 drivers, 70 operational and administrative members, 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," stated 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."
KAG in March acquired Evergreen Transport, a Mobile, Ala.-based dry bulk materials specialist operating throughout the southeast, adding 100 drivers and 45 operational members, 158 tractors, 338 trailers, and four terminal and satellite locations throughout Alabama.
