Kenan Advantage Group Acquires XBL Holdings (Xcel Bulk Logistics)
November 26, 2024
Kenan Advantage Group (KAG) has acquired Texas-based XBL Holdings (operating as Xcel Bulk Logistics), a dry bulk transportation, storage and logistics provider headquartered in Weatherford, Texas. The deal — from PE owner Lilium Group — adds XBL's drivers, operational staff, tractors, trailers, storage silos and terminals to KAG's growing dry bulk platform; financial terms were not disclosed.
- Buyers
- Kenan Advantage Group
- Targets
- XBL Holdings (Xcel Bulk Logistics)
- Sellers
- Lilium Group, Peterson Hawkins
- Platforms
- Kenan Advantage Group
- Industry
- Transportation
- Location
- Texas, United States
- Transaction Type
- Addon
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