Kenan Advantage Group (KAG) has acquired Quebec-based tank truck carrier Les Distributions Carl Beaulac (Beaulac Transport), expanding the U.S. company’s footprint in eastern Canada.
The acquisition adds almost 80 tractors, 100 drivers and two facilities to Ohio-based KAG’s existing Canadian subsidiary, Westcan Bulk Transport. Beaulac specializes in transporting petroleum, chemicals, aggregates and hot products.
“Beaulac Transport has built a strong solid reputation in the transportation industry based on its hands-on, customer-focused approach to its operations,” KAG Chief Operating Officer Grant Mitchell said in a statement on Friday. “They have been a long-standing leader in our industry by always putting their customers, employees and safety first. We believe our two companies are a perfect fit as we share the same core values and future goals.”
Beaulac co-owner Carl Beaulac joins Westcan. He will oversee operations east of Ontario as Westcan grows its business outside of Western Canada.
KAG did not disclose the price of the deal, which it made through RTL Westcan. It closed on Friday.
It marks the latest in a flurry of Canadian transportation and logistics acquisitions — the fifth in the past month. Last Tuesday, TFI International announced the acquisition of U.S. third-party logistics provider DLS Worldwide for $225 million.
KAG is the largest tank truck carrier and logistics provider in North America. It has a fleet of over 7,000 trucks, serving the continental United States and parts of Canada and Mexico.
“We’re advantaged because a lot of our business is dedicated, it’s out and back. In fact, with almost half of it, the average length of haul is only 35-40 miles, so drivers show up and work shifts, so it’s really like working at a factory,” KAG CEO Bruce Blaise told FreightWaves CEO Craig Fuller in 2019.