Kenan Advantage Group Acquires K-Limited Carrier
NORTH CANTON, OH, February 7, 2022 – The Kenan Advantage Group, Inc. (“KAG”), North America’s largest tank truck transporter and logistics provider, announced that it has completed the acquisition of K- Limited Carrier, Ltd. The Toledo, Ohio-based company is one of the premier liquid bulk transporters of chemical products within the Midwestern U.S.
According to Charlie DeLacey, CEO of KAG, “There are tremendous opportunities to be gained by both companies through this combination. This represents another key step in KAG’s effort to build out the industry-leading chemical logistics platform, further expanding our service capabilities and market footprint. K-Limited’s customers benefit by being able to tap into a larger network and additional services while employees will have career growth opportunities across the KAG organization. We look forward to combining the energy, passion, and knowledge of our respective teams.”
As part of the transaction, approximately 100 professional drivers/independent contractors, technicians, and other operational employees will join KAG within its Specialty Products Group. In addition, Kim Kaplan and Dean Kaplan, K-Limited’s founders and owners, will also join KAG and continue to manage the day-to-day operations of their former company. The Kaplans are well-known tank truck professionals who established K-Limited over 25 years ago. Both executives have served the industry for years through their active participation in the leadership of the National Tank Truck Carriers, the American Trucking Associations, the Ohio Trucking Association, and the Toledo Trucking Association.
KAG will also acquire approximately 95 tractors, 195 trailers along with terminal and satellite locations in Toledo, Detroit, Chicago, Cincinnati, and Cleveland which are ideal locations for current and future customers in the heartland of manufacturing. K-Limited primarily hauls oils and lubrications, acids, petrochemicals, and solvents.
“We are extremely pleased to combine our operations with KAG as we truly believe it is the right partner at the right time for K-Limited to set the foundation for its future success,” commented Kim and Dean Kaplan. “We’re excited to join the recognized industry leader and continue our contributions to our team, our customers, and our industry that have served us so well for so many years.”
Grant Mitchell, KAG President and COO said, “Both companies put the safety and needs of our employees and customers first which will make this a very smooth transition. K-Limited has built a very strong and successful organization with a family-orientated culture aligning well with what we continue to foster at KAG. This will enable us to continue to grow our Specialty Products division. We’ve prided ourselves on acquiring the ‘best of the best’ organizations over the years and K-Limited is a great example of this strategy.”
The Kenan Advantage Group, Inc. (www.thekag.com) operates through its six operating groups consisting of Fuels Delivery, Specialty Products, Food Products, Merchant Gas, KAG Canada and KAG Logistics. The company has terminal and satellite locations in 40 states and seven Canadian provinces and territories, with the ability to deliver within all 48 contiguous states, Canada, and Mexico. KAG also provides specialized supply chain logistics services through KAG Logistics (www.kaglogistics.com).