From its humble origins with a handful of trucks and drivers 20 years ago, The Kenan Advantage Group has grown to the largest tank truck transporter in North America. And the vision that Dennis Nash and Carl Young had then is as clear as it is today: to revolutionize transportation and logistics services within the liquid bulk industry.
Nash, who serves as CEO, and Young, who holds the position of CFO, adopted a philosophy of delivering exceptional customer service combined with safe, reliable operations. They surround themselves with skilled and talented personnel who share the same integrity and philosophy for growth and success. Those skills and values play an important role because the transportation of hazardous materials is not a job to be taken lightly. The safety of employees, the public and the environment has always been a priority for Nash, Young and the company.
To help achieve their vision, the two monitored the marketplace and began taking advantage of the fragmentation of the industry by executing strategic acquisitions to expand their platform and accelerate growth. They partnered with two private equity firms in 1998 to recapitalize the company and acquired seven companies from 2000 to 2005. More recently, KAG made acquisitions that expanded its chemical transportation business and gave it an entry into the industrial gases market.
Nash and Young’s strong leadership capabilities, coupled with a superior business model, have fueled strong and consistent organic growth. In addition, as the largest player in a highly fragmented industry, KAG has become the acquirer of choice for well-managed and profitable companies.
As the company continues to grow, its strategies include gaining market share in its core business, entering new end markets and geographies and executing strategic acquisitions.
How to reach: The Kenan Advantage Group Inc., (800) 969-5419 or www.thekag.com
