Kenan Advantage Group (KAG) is in the process of purchasing MC Tank Transport (MCT), a liquid bulk hauler. The acquisition, as revealed in an internal memo to MCT drivers, will enable KAG to offer International Organization for Standardization (ISO) tank services. As part of the deal, MCT's subsidiaries MC Leasing, KI Leasing, and Liquid Solutions Tank Leasing will also be included.

Headquartered in West Chester, Ohio, MCT operates from 11 terminals across the Midwest, South, and East regions, serving major ports such as Houston, Charleston, and Savannah, along with six satellite locations. Apart from transporting acids, caustics, and specialty chemicals, MCT is involved in ISO tank services, leasing, and maintenance.

MCT's President Michael Anderson expressed enthusiasm about the partnership with KAG, emphasizing the potential for expansion in services, technology, and footprint. The acquisition will not lead to immediate changes in MCT's operations, with the company retaining its name initially and gradually integrating into the KAG network. The existing management team will also remain in place.

The transaction is anticipated to provide MCT with the necessary resources to meet growing customer demands for increased capacity and services. Further, it is expected that the MCT deal will lay the groundwork for KAG to develop a 1,000-truck ISO Services platform.

KAG, based in North Canton, Ohio, is the largest tank trucking company in North America, operating 300 terminals across the continent for bulk transportation of fuels, energy products, chemicals, and food items. FreightWaves has reached out to both KAG and MCT for their comments on this development.