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Announced

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The Kenan Advantage Group completed the acquisition of Evergreen Transport.

Synopsis

The Kenan Advantage Group, a specialized transportation and logistics services provider, completed the acquisition of Evergreen Transport, a transportation company specializing in the delivery of dry bulk materials. Financial terms were not disclosed. "As we continue to strategically build our dry bulk transportation platform, Evergreen Transport is another perfect fit with our growth plan. 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," Rick Hoyle, KAG Executive Vice President of Dry Bulk.

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