The Kenan Advantage Group (KAG) recently completed the acquisition of Ag Trucking.
The Goshen, Ind.-based company is a bulk transporter of liquid food products with more than 42 years of experience in the industry.
“We are excited about the operational fit, along with the new opportunities Ag Trucking brings to the table,” said Tyler Coventry, executive vice president of KAG Food Products. “Most importantly, this acquisition allows us to grow our professional driver workforce by approximately 40% in our food products business.
“In today’s world of nationwide driver shortages, having safe, qualified drivers is key to better serving our customers along with growing our operations.”
As part of the transaction, KAG will acquire approximately 180 tractors, 320 trailers and six terminal/office locations to include tank wash facilities and maintenance shops. These locations are strategically located next to the company’s major customers in Indiana, Ohio, Iowa, Illinois and North Carolina.
“Our company went through an extensive process to select a partner who shares the driver-centric culture we have built at Ag, has the capital to continue our commitment of well-maintained and safe equipment with the latest technology, and has the expertise in bulk transportation to help us grow,” said Casey Stump, Ag Trucking’s vice president and general manager. “We are confident this is a good fit for Ag and we are looking forward to what the future holds for our continued success.”
Ag Trucking primarily hauls edible oils, which complements a strong and well-established business sector within KAG Food Products, but also has a growing business in dry bulk.
“We’ve been working hard to build our food products network to better utilize our transportation assets across the country,” said Rebecca White, KAG’s vice president of corporate development. “Ag Trucking is an excellent example of that strategy at work. Not only do they allow us to enhance service offerings to our current customer base, but the acquisition opens the door to new regions, customers and growth opportunities.”
