The Kenan Advantage Group (KAG) has acquired Idaho Milk Transport (IMT).
The Idaho-based company transports bulk dairy, edible oils, juices, and other liquid food-grade products throughout the US and Canada.
“The acquisition of IMT provides us with an excellent platform to enhance our service offerings to the liquid food grade industry, primarily dairy, while also expanding our geographic presence in the Pacific Northwest,” Tyler Coventry, KAG’s executive vice-president of Food Products, said.
“The transaction includes three tank wash facilities, which will complement our growing internal and third-party tank wash business.
“These key factors allow us to better serve our current and future customers, which is our strategic focus with any partnership.”
As part of the transaction, the entire IMT team will join KAG within its Food Products division, including approximately 160 professional drivers and 40 operational and administrative professionals.
IMT’s co-founders, Gene and Robert Brice, will remain with the company throughout the transition, KAG said. The carrier also acquired 162 tractors, 327 specialized trailers, and five facilities located in Idaho, Washington, and California.
“We started this business in 1986 by transporting milk with two trucks from local dairies to processing plants,” IMT CEO Robert Brice said. “This has been a labour of love for us over the years, which is why it was so important to find the right partner who shared our mission of offering safe, reliable, quality, and efficient transportation services to our customers.”
KAG acquires bulk transportation firm IMT
