The Kenan Advantage Group recently acquired Mobile, Alabama-based Evergreen Transport, which specializes in the delivery of dry bulk materials throughout the Southeastern U.S.
Terms of the transaction were not disclosed.
As part of the deal, KAG will welcome approximately 100 professional drivers and 45 operational members and grow its fleet and facilities with an additional 158 tractors, 338 trailers, and four terminal and satellite locations throughout Alabama, the company reported.
The acquisition is KAG’s fourth in the dry bulk segment, which the carrier entered with the February 2024 purchase of Northern Dry Bulk. KAG added PRM Trucking and XBL Holdings, which includes Xcel Bulk Logistics and XBL Industrial Materials, in November 2024.
See also: KAG extends dry bulk arm with XBL deal
“As we continue to strategically build our dry bulk transportation platform, Evergreen Transport is another perfect fit with our growth plan,” Rick Hoyle, KAG executive vice president of dry bulk, said in a news release. “Their customer-centric business model, along with their diverse end-user markets, complements our current dry bulk operations, which have grown significantly over the last 12 months.
“We are also inspired by Evergreen’s truly unique, family-owned history, which captures the entrepreneurial spirit of our industry.”
Evergreen founder Walter Poole entered the transportation industry in 1946, and his legacy of innovation extended for three generations.
“The importance of partnering with an organization that will continue our founder’s legacy of taking care of our employees and our customers was first on our list,” said David Wildberger, Evergreen president. “It is exciting to be an integral part of a new and expanding dry bulk platform that is capitalizing on the strengths of reputable and experienced players in our niche.”