KAG Logistics acquires American PetroLog
KAG Logistics is a major logistics provider in the petroleum, renewable fuels, specialty products, food products and merchant gas supply chains across North America.
American PetroLog offers a wide variety of logistics, transportation, storage and transloading services for commodities such as water treatment chemicals, biofuels, lube oil, wax, missile fuel, rocket propellant, oilfield chemicals, alcohol, and glycol. For the past three years, the company has been recognized by Inc. Magazine’s prestigious list of the nation’s 5,000 fastest-growing private companies.
As part of the transaction, American PetroLog’s team of logistics professionals will be joining KAGL, including president and chief executive Jeff Colonna, who said, “the timing is significant, with many shippers seeking to secure reliable capacity after the supply chain disruption faced by many over the last two years. By joining KAGL, we are even better positioned to meet the unique needs of our customers in the liquid bulk/petrochemical space going forward.”
“There are tremendous synergies between our two organizations which we plan to capitalize on as we hit the ground running on day one,” said Kevin Spencer, president of KAGL, in a news release. “American PetroLog has an impeccable reputation in our shared end markets and is committed to solving the complex supply chain challenges of our combined customers today and our potential customers in the future.”
About KAG Logistics
KAG Logistics LLC (KAGL) is a subsidiary of The Kenan Advantage Group Inc. (KAG), North America’s largest tank-truck transporter and logistics provider. The company operates through its six operating groups consisting of KAG Energy, KAG Specialty Products, KAG Food Products, KAG Merchant Gas, KAG Canada and KAG Logistics.