M&A Deal Summary

KAG Acquires Agri-Carriers Group

On September 19, 2016, KAG acquired transportation company Agri-Carriers Group from Huron Capital

Acquisition Highlights
  • This is KAG’s 9th transaction in the Transportation sector.
  • This is KAG’s 10th transaction in the United States.
  • This is KAG’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2016-09-19
Target Agri-Carriers Group
Sector Transportation
Buyer(s) KAG
Sellers(s) Huron Capital
Deal Type Add-on Acquisition

Target

Agri-Carriers Group

Jacksonville, Illinois, United States
Agri-Carriers Group, Inc. is a provider of bulk liquid transportation services to the food industry. Agri-Carriers transports a variety of bulk vegetable oils, tropical oils, and syrups to food manufacturing plants throughout the Midwest, and operates two kosher-certified tank wash facilities in Illinois. ACG operates a specialized fleet of approximately 250 tractors and 425 trailers and conducts business out of five terminals, four of which have food-grade tank washing stations.

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Buyer(S) 1

Buyer

KAG

North Canton, Ohio, United States
Category Company
Founded 1997
Sector Transportation
DESCRIPTION

KAG provides transportation and logistics services to the fuel, chemical, liquid food and merchant gas sectors in the U.S. and Canada. KAG was founded in 1997 and is based in North Canton, Ohio.

DEAL STATS #
Overall 11 of 20
Sector (Transportation) 9 of 16
Type (Add-on Acquisition) 11 of 20
State (Illinois) 2 of 3
Country (United States) 10 of 17
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-15 RTL-Westcan Group of Companies

Edmonton, Alberta, Canada

RTL-Westcan Group of Companies is a provider of hauler of bulk commodities in western and northern Canada, serving more than 500 customers across its operating region. KAG specializes in the logistics and transportation of fuels, chemicals and merchant gases.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 Les Distributions Carl Beaulac

Lévis, Quebec, Canada

Formed in 1988, Carl Beaulac provides a professional and courteous service in the transportation of petroleum products, hot products, chemical products, and aviation products. Its strategic geographical location allows guaranteeing customers an unbeatable speed of delivery. All equipment meets the requirements of the industry and is meticulously inspected. The company serves Quebec, Ontario, and the Maritimes, and it services are operational 24 hours a day, 7 days a week throughout the year.

Buy -

Seller(S) 1

SELLER

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.

DEAL STATS #
Overall 22 of 35
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 10 of 13
State (Illinois) 1 of 2
Country (United States) 20 of 32
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 GSM Outdoors

Irving, Texas, United States

GSM Outdoors specializes in developing and marketing innovative products for the hunting, sport shooting, and rugged outdoor enthusiast market. GSM owns 20+ industry-leading brands including stealth cam, walker’s, muddy outdoors, birchwood casey, hawk, cyclops, western rivers, american hunter, HME, and SME among others. GSM’s strong focus on innovation, product development, rigorous quality control, and customer support has earned it a reputation for delivering top quality outdoor gear backed by industry-leading customer service. GSM Outdoors was founded in 1999 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Victoria Fine Foods

Brooklyn, New York, United States

Victoria Fine Foods LLC is a producer and marketer of specialty Italian food products, including all natural pasta sauces, Italian condiments, and other premium Italian products. Victoria Fine Foods products are predominantly sold in supermarkets, warehouse clubs, and specialty stores throughout the U.S. and Canada.

Sell $70M
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