M&A Roundup: KAGL Acquires Cross-Border Fleet, Bay & Bay’s Divestiture & Extra – Fleet Administration

Take a look at this roundup of latest trucking fleet acquisitions up to now month.

KAG Logistics Acquires Connectrans

KAG Logistics accomplished the acquisition of Toronto-based cross-border freight transportation firm Connectrans Logistics.

Connectrans has a longtime provider community between the U.S. and Canada with experience in transportation options inside dry van, temperature management, flatbed, over-dimensional and intermodal.

“The acquisition of Connectrans expands our footprint into the Canadian logistics market, which is strategic to our future development plans, notably in our specialty merchandise division,” KAGL President Kevin Spencer stated in a press launch. “It additionally permits us to proceed strengthening our cross-border expertise as we serve our present and potential Canadian and U.S. prospects that flourish in each marketplaces.”

The acquisition will even  give Connectrans prospects extra entry to the U.S. market, specialised property, applied sciences and extra logistics experience, stated Connectrans President and Common Supervisor Steve Hodowany.

KAG Logistics is a subsidiary of The Kenan Benefit Group, a tank truck transporter and logistics supplier. The corporate operates by way of its six working teams consisting of KAG Vitality, KAG Specialty Merchandise, KAG Meals Merchandise, KAG Service provider Gasoline, KAG Canada and KAG Logistics

Bay & Bay Transportation Ditches Tanker Operation

Bay & Bay Transportation’s tanker operation out of Burnsville, Minnesota, has been acquired by McCoy Group, a guardian firm of tank transportation firm Foodliner. 

Foodliner will function the tank trucking enterprise out of the Burnsville facility, whereas Bay & Bay’s devoted trucking groups have moved to the corporate’s Eagan, Minnesota, facility. 

Bay & Bay gives tank transportation companies to the Midwest market along with nationwide refrigerated trucking and logistic companies. The refrigerated and the multi-modal logistics segments at Bay and Bay have grown on-average greater than 30% yearly the previous three years, in line with the corporate. This divestiture permits Bay and Bay to additional focus and put money into these segments, which make up 97% of annual income.   

Not too long ago, Bay and Bay acquired a facility in northern Indiana. Together with the Midwest terminal, Bay and Bay invested in extra tools and welcomed northern Indiana crew members.

TA Companies Accelerates West Coast Growth

TA Companies, a full-service logistics supplier and subsidiary of PS Logistics, acquired San Diego, California-based KPI Logistics, a multimodal third-party logistics supplier specializing in truckload, less-than-truckload, flatbed, and managed transportation companies. 

The acquisition accelerates TA Companies’ development to over $750 million in income, 800 staff, and 22 world areas, spanning from Monterrey, Mexico, to Toronto, Canada. KPI Logistics’ San Diego workplace expands TA Companies’ U.S. footprint to coast-to-coast protection and supplies a higher presence on the West Coast. “This mixture will additional broaden TA’s West Coast footprint and diversify our market attain into the automotive trade, chemical substances and vitality trade, together with solar energy, and client items trade,” stated Scott Schell, CEO and president of TA Companies.

Ruan Acquires Regional Devoted Provider

Ruan acquired Nationwide Truck Brokers, a devoted provider headquartered in Grand Rapids, Michigan.

NTB will proceed to function as a separate, unbiased member of the Ruan household of corporations. NTB will preserve its title and model, management construction, and facility areas. 

NTB is a family-owned firm with greater than 235 vehicles and 270 crew members hauling for grocery prospects in Michigan, Indiana, Illinois, Iowa, Ohio, Kentucky and Wisconsin.

“Progress by way of acquisition has been comparatively unusual at Ruan, however now we have achieved so selectively when there’s a real, strategic match and the chance to maintain and strengthen relationships with vital prospects. We’ve discovered these optimistic components at NTB,” stated Ruan’s CEO Ben McLean in a press launch. “Each corporations have been based by their first truck drivers, Dan Koster and John Ruan, so the 2 organizations have shared a foundational give attention to security all through their histories. As well as, we prioritize household and try to be a terrific place to work for our crew members. We offer distinctive customer support to long-standing companions, and we assist our communities by way of philanthropic efforts. As we transfer ahead collectively, our continued success shall be enabled by the identical grit and dedication that our founders and members of the family have demonstrated to construct and develop our corporations.”

Over the subsequent a number of months, NTB’s whole fleet of vehicles shall be changed by late-model Freightliner items as an enhancement for NTB’s driving crew members.