The Kenan Advantage Group recently acquired PRM Trucking.
The White Pigeon, Michigan-based company specializes in the transportation, transloading, and storage of lime, sand, and other dry bulk products for manufacturing and foundry companies throughout the Midwest.
Terms of the transaction were not disclosed.
“The further expansion of our dry bulk transportation services will be supported with the latest addition of PRM, allowing us to capitalize on our growing Midwest presence,” John Rakoczy, KAG Specialty Products executive vice president, said in a news release. “We are also fortunate to benefit from the ongoing leadership of the PRM team, which will continue its successful journey with KAG.”
The acquisition includes 39 tractors, 91 trailers, a terminal, and a maintenance facility, along with approximately 3,000 ft. of rail for transloading operations.
KAG also is adding 33 drivers and 12 operational employees to its specialized team.
“We are pleased to provide our expertise and knowledge to KAG in the dry bulk space,” said Shari and Tom Morris, PRM’s owners. “It’s exciting to be a part of a new platform where our employees can further grow their careers and provide valuable insight into what we feel is a bright future for everyone involved in this transaction.”