Kenan's buy of RTL Westcan gives exit to TriWest Capital Partners

Edmonton, Alberta-based RTL Westcan Group, a bulk commodity hauler operating in western and northern Canada, has been bought by Kenan Advantage Group, a tank truck transporter and logistics provider based in North Canton, Ohio. The financial terms of the deal were not released. The acquisition of RTL Westcan provides an exit to Canadian private equity firm TriWest Capital Partners. TriWest invested in RTL-Robinson Enterprises Ltd in partnership with management in 2006, and subsequently backed RTL's merger with Westcan Bulk Transport Ltd in 2007. Earlier this month, the company agreed to sell 10 industrial properties to Edgefront Realty Corp for the equivalent of $68 million.

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