The Kenan Advantage Group Inc, North America’s largest tank truck transporter and logistics provider, announced it has completed the acquisition of Agri-Carriers Group Inc. ACG is a leading provider of dedicated foodgrade transportation services for blue-chip customers across the United States. The company is comprised of two long-established trucking operations--Landes Trucking and Charles G Lawson Trucking.
KAG CEO Dennis Nash says: “By partnering with this “best-in-class” organization, we have doubled the size of our food transportation business. We are committed to the success of this growing platform, which is evidenced by the acquisition of ACG. Their expertise and scale in this space complements our legacy business and firmly establishes KAG as one of the leading food-grade carriers in the United States.”
Headquartered in Jacksonville IL, ACG is focused on the transport of bulk foodgrade products such as edible oils, yeast, vinegar, and sweeteners. The company employs approximately 375 employees including 260 drivers. ACG operates a specialized fleet of approximately 250 tractors and 425 trailers and conducts business out of five terminals, four of which have foodgrade tank washing stations.
“The alignment of our core values, operational structure and strategic plans made our decision to join KAG extremely compelling,” stated Roger Ross, chief executive officer of ACG. “By combining our talented employees, fleet and terminal locations, we expect to further enhance services to our collective customers while expanding our customer base and food-grade product service lines. This will also provide additional career opportunities for our employees.”
Charlie Delacey, vice-president of corporate development for KAG, said: “The acquisition of ACG is a strong strategic fit that demonstrates our focus on the foodgrade industry. We will continue to pursue additional growth opportunities in the sector as we further expand our leadership position in foodgrade transportation.”