Kenan Advantage Group acquires Jack B. Kelley, Inc.

Kenan Advantage Group (KAG), a North American tank truck transporter and logistics provider to the petroleum, specialty products and merchant gas industries, has announced that it has completed the acquisition of Jack B. Kelley, Inc. (JBK). JBK is the largest independent transporter of industrial gases in the US. The transaction closed on August 31, 2011.

Founded in 1946, the Texas-based company transports nitrogen, hydrogen, oxygen, argon, helium, carbon dioxide and liquid natural gas (LNG) across the US, Canada and Mexico. These gases are used for numerous applications within a diverse range of end markets, including metals and mining, chemical, food and beverage, healthcare, electronics, energy production and many others.

According to Dennis Nash, Chief Executive Officer of KAG, "The acquisition of Jack B. Kelley is a perfect strategic fit to our newly formed Merchant Gas Group. Coupled with the acquisition of Quakertown, PA-based Cryogenic Transportation, Inc., in December of 2010, we are now the largest, most qualified and safest transporter of industrial gases in the US. JBK and CTI are great examples of our strategy to acquire only ‚best-in-class‘ companies."

With these two acquisitions, the company’s Merchant Gas Group now has a network of 25 strategically located, full-service terminals across the country, a fleet of approximately 470 cryogenic and specialty trailers and over 500 drivers d dedicated to the merchant gas industry.

Quelle: eyefortransport
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