Kenan Advantage Group (CCJ Top 250, No. 20) subsidiary KAG Logistics has acquired Canadian 3PL Connectrans Logistics, a Toronto-based provider of cross-border freight transportation.
The acquisition of Connectrans expands KAG's footprint in the Canadian logistics market – a strategic move that supports the growth of the company's Specialty Products division, according to KAG Logistics President Kevin Spencer.
“It also allows us to continue strengthening our cross-border experience as we serve our current and potential Canadian and U.S. customers that flourish in both marketplaces," Spencer added.
KAG Logistics will also allow Connectrans, a carrier of dry van, temperature controlled, flatbed, overdimensional and intermodal shipments, to offer its customers enhanced capabilities with access to the U.S. marketplace, "specialized assets, industry-leading technologies and additional logistics expertise from a strong and experienced leadership team," said Connectrans President and General Manager Steve Hodowany.
Kenan Advantage has been on a buying spree this year. Connectrans Logistics is the company's fourth acquisition this year. KAG last month acquired Wharton, N.J.-based Carbon Express and in June acquired Lafayette, Louisiana-based American PetroLog. In February, it picked up K- Limited Carrier, a Toledo, Ohio-based company and one of the premier liquid bulk transporters of chemical products in the Midwestern U.S.
There have been 23 deals among CCJ's Top 250 for-hire carriers since the beginning of June, and 29 Top 250 fleets have struck 31 deals this year.
