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.”
About Bengur Bryan
Bengur Bryan & Co., Inc., is a leading investment banking firm that provides merger and acquisition services, private placements of equity and debt, and financial advisory services, including restructuring advice, valuations, and fairness opinions. For over 30 years, we have focused on growth stage and middle market companies with enterprise values from $20 million to over $350 million. We have specific industry knowledge in the transportation & logistics, industrial & niche manufacturing, government services, consumer & hospitality, business services and healthcare industries. For more information, please visit www.bengurbryan.com.
About Carbon Express
Carbon Express, headquartered in Wharton, NJ, transports liquid bulk products across the United States and into Canada. Established in 1983, the company is a leader in the transport of lubricant base oils and other petroleum products.
About The Kenan Advantage Group
The Kenan Advantage Group, Inc., is North America’s largest tank truck transporter and logistics provider (www.thekag.com). 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.