Agreement Reached Between Kenan Advantage Group and DeWitt Petroleum
Posted on: June 24, 2013
NORTH CANTON, OH, March 2, 2010 – The Kenan Advantage Group, Inc. (“KAG”), the nation’s largest bulk transportation and logistics provider to the petroleum and specialty products industries, reached a private fleet conversion agreement with DeWitt Petroleum (“DeWitt”). KAG will take over the company’s transportation fleet through its West Coast subsidiary, KAG West. KAG West will continue to provide dedicated services to DeWitt’s customers located in Southern California, specifically in Los Angeles, Orange, San Bernardino, Santa Barbara and Ventura Counties.
DeWitt Petroleum has been an established petroleum marketer since 1945 and is a cornerstone in the California jobber community. As a result of DeWitt’s commitment to its customers and employees, they made the decision to join forces with KAG to outsource their fuel transportation requirements.
According to Mary Wilson, President of DeWitt Petroleum, “It really came down to finding a company that would continue to provide the consistent reliable service we desired, so we could focus on other growth opportunities in onsite and cardlock fueling. With the new requirements from the California Air Resources Board (“CARB”), we found it incredibly difficult to economically maintain this portion of our business. KAG has the resources available to continue to be a viable fuels delivery carrier in this marketplace. With the extensive knowledge and experience of our drivers, I wanted to make sure they continued to excel in an environment that would provide them with opportunities to succeed.”
“This transaction fits our strategy of acquiring best-in-class private fleets in a marketplace where both parties will benefit,” said John Jolly, VP of Private Fleet Conversions for KAG. “DeWitt is a strong organization with skilled employees and a very satisfied customer base. We plan to maintain their exceptional level of service and grow with their operations based on our geographic size, equipment and manpower,” Mr. Jolly continued.
Kenan Advantage Group operates nationwide through its subsidiaries: Advantage Tank Lines, BXI, KAG West, Kenan Transport, Klemm Tank Lines, North Canton Transfer, Petro-Chemical Transport and Transport Service Co. KAG’s fleet consists of more than 3,300 power units and 4,300 trailers. KAG also provides specialized supply chain logistics services through KAG Logistics and KAG Ethanol Logistics (www.kaglogistics.com).