The Kenan Advantage Group recently acquired M.C. Tank Transport, a diversified transportation company specializing in the delivery of liquid bulk chemicals in tankers and ISO containers.
The West Chester, Ohio-based company operates from eight terminal locations and three ISO container depots throughout the Southeast and Midwest, U.S., delivering and storing caustic soda, sulfuric acid, hydrochloric acid, and other specialty chemicals, KAG reported.
Terms of the transaction were not disclosed.
“This acquisition marks a key milestone in KAG’s continued growth and solidifies our commitment to delivering innovative, specialized solutions to our chemical customers,” KAG CEO Charlie DeLacey said in a news release. “By combining the strengths of M.C. Tank with our existing fleet and network, we are enhancing our capabilities to offer not only premier chemical transportation but also ISO container storage, transport, and related services to meet the evolving demands of our customers’ supply chains.”
As part of the deal, KAG will welcome approximately 175 professional drivers and 70 operational and administrative members to its team while also growing its fleet by 100 tractors and 500 trailers and chassis. M.C. Tank’s ISO depots also provide container services, including storage, steaming, washing, and maintenance.
“KAG is the perfect partner to provide M.C. Tank with the resources and know-how to expand our footprint, capabilities, technology, and services,” said Michael Anderson, M.C. Tank president. “We are far from done implementing our vision and accomplishing the goals we have set for our organization.
“We are tremendously excited for the opportunity to join the KAG team.”