OPE Agrees to Acquire KAG from Goldman, Centerbridge
June 19, 2015
OMERS Private Equity has signed a definitive agreement to acquire The Kenan Advantage Group from Centerbridge Partners and Goldman Sachs. Founded in 1991, KAG is a provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets. The company operates an extensive North American footprint that is able to service the last-mile link in the distribution networks of over 2,000 customers. The transaction, which is expected to close in 3Q, is rumored to be valued at up to $2 billion. Centerbridge and Goldman have backed the company since Summer 2010, acquiring it from Littlejohn & Co.