Kenan Advantage Group Acquires Ashbridge Transportation
Canton, Ohio, August 11, 2005 – Continuing its strong track record of strategic private fleet conversions, Kenan Advantage Group (KAG) announces the purchase of Ashbridge Transportation Company of Johnstown, PA. Operating in central and western Pennsylvania, Ashbridge represents an additional operating base as KAG highway operating subsidiary Advantage Tank Lines continues to expand across Pennsylvania.
Ashbridge Transportation, which operates seven power units and seven trailers, currently generates freight revenues of approximately $1.25 million annually from over 40 Ashbridge customers.
“We are pleased to expand our capabilities into central Pennsylvania through this acquisition,” said Keith Wilson, Vice President of Advantage Tank Lines. “Ashbridge Transportation is a solid operation that will certainly strengthen our position in central Pennsylvania.”
The Kenan Advantage Group is the nation’s largest petroleum carrier with operations in 34 states. The company currently operates seven highway subsidiaries including Advantage Tank Lines, Beneto Bulk Transport, Kenan Transport, Klemm Tank Lines, McDaniel Transportation, North Canton Transfer, and Petro-Chemical Transport.