KAG and Reinhard Transportation Reach Agreement
NORTH CANTON, OH, November 12, 2009 – The Kenan Advantage Group, Inc. (“KAG”), the nation’s largest bulk transportation and logistics provider to the petroleum and specialty products industries, announced it has completed an acquisition of the assets of Washington-based Reinhard Transportation (“Reinhard”).
Headquartered in Federal Way, WA, Reinhard provides exceptional fuel transportation services through its professional long-term drivers and state-of-the-art equipment. Reinhard operates primarily in the Northwest region of the United States along with Canada. As a leading petroleum transportation company in this region, the company conducts business out of 11 terminal locations, employs approximately 160 people and operates 64 trucks.
According to Dennis Nash, President and Chief Executive Officer of KAG, Reinhard meets all of the criteria for a successful acquisition. “Reinhard Transportation is a best-in-class operation with a strong management team, exceptional image, experienced driver base and an excellent safety record,” Nash said. “We are extremely encouraged by the opportunities Reinhard will provide us as we grow our national footprint in a region we’ve been pursuing for a long time. Reinhard gives us a solid foundation to build upon as we expand our operations into the Northwest and Canada.”
“For our company to continue to grow long term, we needed to have a lot of horsepower behind us,” said Tony Reinhard, President of Reinhard Transportation. “KAG was by far the best choice to take our operations to the next level. By combining our regional expertise with their size and resources, we expect to enhance the services we currently provide our customers, while attracting new business in this very competitive marketplace,” Reinhard continued.
Kenan Advantage Group operates nationwide through its subsidiaries: Advantage Tank Lines, BXI, KAG West, Kenan Transport, Klemm Tank Lines, North Canton Transfer, Petro-Chemical Transport and Transport Service Co. KAG’s fleet consists of more than 3,100 power units and 4,100 trailers. KAG also provides specialized supply chain logistics services through KAG Logistics and KAG Ethanol Logistics (www.kaglogistics.com).
