Kenan Buys Canada-Based RTL-Westcan
Kenan Advantage Group has purchased RTL-Westcan Group, a bulk carrier that serves northern and western Canada, Kenan said.
RTL-Westcan, based in Edmonton, Alberta, has about 1,000 employees and operates about 480 trucks, Kenan said in a statement issued Nov. 15, the day the deal closed.
“The acquisition of RTL-Westcan further positions KAG as the elite North American bulk transportation services and logistics provider,” Kenan CEO Dennis Nash said in the statement. “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” in terms of transportation and logistics demand, due in part to mining and other energy production, Nash said.
“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,” RTL-Westcan CEO Grant Mitchell said.
The companies did not disclose terms of the deal.
North Canton, Ohio-based Kenan ranks No. 23 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
