[Stay on top of transportation news: Get TTNews in your inbox.]
Kenan Benefit Group will purchase Cell, Ala.-based Evergreen Transport for an undisclosed sum, including to the continued growth of its dry bulk operations.
Since coming into the dry bulk section simply over a yr in the past with the buy of Northern Dry Bulk, KAG has made three additional acquisitions together with Evergreen.
Evergreen specializes within the supply of supplies like lime and cement all through the southeastern U.S.
“As we proceed to strategically construct our dry bulk transportation platform, Evergreen Transport is one other good match with our progress plan,” mentioned Rick Hoyle, KAG government vp of dry bulk.
“Their customer-centric enterprise mannequin, together with their various end-user markets, enhances our present dry bulk operations, which have grown considerably over the past 12 months. We’re additionally impressed by Evergreen’s actually distinctive, family-owned historical past, which captures the entrepreneurial spirit of our trade,” Hoyle added.
Evergreen employs about 100 drivers and 45 operational workers. It has 158 tractors, 338 trailers and 4 terminal and satellite tv for pc areas all through Alabama.
North Canton, Ohio-based KAG made its first foray into the dry bulk section in February 2024 with the acquisition of Northern Dry Bulk.
Clare, Mich.-based Northern Dry Bulk makes a speciality of transporting and storing plastic resins for purchasers within the automotive, packaging and digital industries within the U.S. and Canada.
Northern Dry Bulk introduced 36 tractors, 91 trailers, two terminals with two upkeep bays, plus warehouse area and transloading capabilities to the KAG fold.
That was adopted in November by the acquisition of PRM Trucking, a White Pigeon, Mich.-based firm specializing in logistics for the manufacturing and foundry industries, and XBL Holdings.
Mike Freeze discusses the technician scarcity with Amanda Schuier of Jetco Supply and the Expertise & Upkeep Council. Tune in above or by going to RoadSigns.ttnews.com.
XBL, headquartered in Weatherford, Texas, operates a dry bulk fleet within the Carolinas and has operations within the Gulf Coast and Midwest areas. The acquisition included XBL subsidiaries Xcel Bulk Logistics and XBL Industrial Supplies.
As a part of the XBL transaction, KAG added 186 tractors, 356 trailers, 10 cellular storage silos, 11 terminal and satellite tv for pc areas, and three upkeep amenities. The corporate employs 162 drivers and 53 operational crew members.
The PRM acquisition comprised 39 tractors, 91 trailers, a terminal, a upkeep facility and about 3,000 toes of rail for transloading operations. PRM specialised in lime, sand and different dry bulk supplies.
KAG ranks No. 21 on the Transport Matters Prime 100 checklist of the biggest for-hire carriers in North America and No. 1 on the tank/bulk carriers sector checklist. Its freight brokerage arm, KAG Logistics, ranks No. 97 on the TT Prime 100 checklist of North America’s largest logistics corporations.
The corporate has been progressively climbing the Prime 100 lists by way of bolt-on acquisitions throughout segments past dry bulk haulage too.
KAG in August mentioned it had acquired Abbeville, La.-based chemical compounds, water therapy merchandise and plastic transporter TransVac. TransVac turned a part of KAG’s specialised operations unit.
In December 2023, it acquired Lake Wales, Fla.-based Florida Meals Tankers, which makes a speciality of intrastate bulk meals transportation and logistics, primarily citrus juices in Florida; and it bought in October 2023 Burley, Idaho-based liquid meals grade product provider Idaho Milk Transport.
KAG has six divisions: KAG Power, KAG Specialty Merchandise, KAG Meals Merchandise, KAG Service provider Fuel, KAG Canada and KAG Logistics.
