OMERS Private Equity to acquire trucking business Kenan Advantage

OMERS Private Equity has agreed to partner with management in the acquisition of The Kenan Advantage Group Inc, a U.S. provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets. The deal's financial terms were not published. The sellers are U.S. private equity firms Goldman Sachs Capital Partners and Centerbridge Partners, which bought the North Canton, Ohio-based company from Littlejohn & Co in 2010. OMERS said it will support Kenan's continued organic and acquisition-led growth. The deal, which is expected to close in the third quarter, closely follows OMERS' buy of U.K.-based Environmental Resources Management.

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