Kenan Advantage Group Acquires Fort Transfer Company
November 10, 2020
The Kenan Advantage Group, Inc. (KAG) has completed the acquisition of Fort Transfer Company, a Morton, Illinois–based liquid bulk chemical carrier and storage provider. The deal adds Fort Transfer’s terminals, 100 tractors, 249 trailers, ~2.6 million gallons of temperature-controlled storage capacity, and roughly 203 personnel (including 158 drivers/contractors and 45 operational staff) to KAG’s Specialty Products operations to expand capabilities and geographic coverage in chemical and agricultural markets.
- Buyers
- The Kenan Advantage Group, Inc.
- Targets
- Fort Transfer Company
- Sellers
- Brad Kahler (President/CEO and Owner of Fort Transfer)
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Transaction Type
- Buyout
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