Bengur Bryan & Co., Inc., a leading investment banking firm, is pleased to announce that Carbon Express, Inc., closed on its sale to Kenan Advantage Group, Inc. (“KAG”).
Bengur Bryan served as the exclusive financial advisor to Carbon Express Inc., a New Jersey-based company that transports liquid bulk products throughout North America, including chemicals, transformer oil, motor oil, lubricants and water treatment chemicals.
“We are excited to join KAG and leverage our combined expertise to further our commitment to our customers. Bengur Bryan played a critical role in guiding us through the entire transaction process. I wanted to thank Ramon Suazo, Scott Bass and the rest of the Bengur Bryan team for all their hard work.” said Steve Rush, Carbon Express’s Executive Chairman and founder.
The acquisition will allow KAG, North America’s largest tank truck transporter and logistics provider, to expand into the specialty products market, as well as explore opportunities in to increase its footprint into Northeastern U.S.
“We are pleased that we could leverage our deep industry knowledge and relationships to maximize value for Carbon Express,” said Scott Bass, Managing Director of Bengur Bryan. “We look forward to seeing the continued success and industry-leading innovation from Carbon Express as part of the Kenan Advantage Group.”