Kenan Advantage Group Expands Dry Bulk Unit in Alabama

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Kenan Advantage Group will buy Mobile, Ala.-based Evergreen Transport for an undisclosed sum, adding to the ongoing expansion of its dry bulk operations.

Since entering the dry bulk segment just over a year ago with the purchase of Northern Dry Bulk, KAG has made three further acquisitions including Evergreen.

Evergreen specializes in the delivery of materials like lime and cement throughout the southeastern U.S.

“As we continue to strategically build our dry bulk transportation platform, Evergreen Transport is another perfect fit with our growth plan,” said Rick Hoyle, KAG executive vice president of dry bulk.

“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,” Hoyle added.

Evergreen employs about 100 drivers and 45 operational staff. It has 158 tractors, 338 trailers and four terminal and satellite locations throughout Alabama.

North Canton, Ohio-based KAG made its first foray into the dry bulk segment in February 2024 with the acquisition of Northern Dry Bulk.

Clare, Mich.-based Northern Dry Bulk specializes in transporting and storing plastic resins for customers in the automotive, packaging and electronic industries in the U.S. and Canada.

Northern Dry Bulk brought 36 tractors, 91 trailers, two terminals with two maintenance bays, plus warehouse space and transloading capabilities to the KAG fold.

That was followed in November by the acquisition of PRM Trucking, a White Pigeon, Mich.-based company specializing in logistics for the manufacturing and foundry industries, and XBL Holdings.