Kenan Advantage Group Acquires Bulk Express
ulk transportation and logistics company Kenan Advantage Group said last week it bought Bulk Express, a transporter of high-temperature products such as coal and asphalt.
Terms of the deal were not released. Bulk Express generates about $20 million annually, Kenan said in a statement.
“Our purchase of BXI represents our ongoing search for specialized companies that offer high value in their industry with a record of strong profitability,” said Dennis Nash, Kenan’s chief executive officer.
Kenan, ranked No. 46 on the Transport Topics 100, was purchased by private equity firm Littlejohn & Co. in January. (Click here for previous coverage.)