RTL Westcan, one of Canada's largest niche bulk commodity haulers, has been sold to Kenan Advantage Group out of the US.
Kenan specializes in the logistics and transportation of fuels, chemicals and merchant gases. Westcan serves about 500 customers across its operation region.
The deal closed yesterday.
"The acquisition of RTL-Westcan further positions KAG as the elite North American bulk transportation services and logistics provider," announced Dennis Nash, CEO of Kenan. "The expansion into Canada extends our footprint to better serve a broader customer base while capitalizing on a highly attractive marketplace. Western Canada is a growth region with increasing demand for transportation and logistics services as a result of expanding energy markets, increased mining activity and strong macro drivers."
Westcan employs about 1,000 people, including 560 dedicated drivers. It runs about 480 tractors and 2,000 trailers and operates out of 16 terminals in Alberta, B.C, Saskatchewan and the Northwest Territories.
"KAG adheres to the same RTL–Westcan culture of exceptional customer service and an uncompromised commitment to safety," said Westcan CEO and president, Grant Mitchell. "Our core competencies align to make this merger a great outcome for our employees, and most importantly, our valued customers who are accustomed to the execution of safe and reliable services. The transaction also provides both companies with the capability to better serve our customers who are engaged in operations both in the US and in Canada."
"This is a tremendous opportunity to provide a broader suite of services to our current customers and offer further value-added services to RTL–Westcan customers," added Nash. "We intend to focus on growing with the combined customer bases while also pursuing strategic acquisitions that enhance our capabilities. Keeping true to our strategy of acquiring "best in class" companies, we are proud to have Grant Mitchell and the RTL-Westcan Group's talented employees represent KAG as the flagship company for our newly established Canadian platform."
