![OMERS to buy trucking company](https://www.benefitscanada.com/wp-content/uploads/sites/7/2015/03/News_3.jpg)
The private equity arm of Ontario Municipal Employees Retirement System (OMERS) has agreed to buy Ohio-based Kenan Advantage Group, which operates a trucking network that delivers fuel, chemicals and liquid food across North America.
OMERS Private Equity didn’t disclose how much it will pay for Kenan, which has about 7,500 employees throughout its operating companies.
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Kenan’s companies _ which include BXI, KAG West, Transport Service Company and other banners _ have a combined fleet of 5,000 truck tractors, 9,500 trailers and operate from 266 locations, including 22 in Canada.
OMERS is buying Kenan from Goldman Sachs Capital Partners and Centerbridge Partners, which acquired a majority stake in June 2010 for an undisclosed amount from Littlejohn & Co., a U.S.-based private equity investor.
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OMERS said Thursday that Kenan Advantage has a good management team and long-term growth prospects that fit the investment strategy of the Ontario Municipal Employee Retirement System.
Kenan delivers fuel throughout the continental United States and in Mexico. In Canada, it has locations in Alberta, British Columbia, Ontario, Saskatchewan and the Northwest Territories.