Edgeview Partners is pleased to announce the sale of Jack B. Kelley, Inc., a leading provider of outsourced freight and logistics solutions to the industrial gas industry, to The Kenan Advantage Group, Inc. (KAG).  Based in North Canton, Ohio, KAG is North America’s largest bulk transportation and logistics provider to the petroleum, specialty products and merchant gas industries.  Edgeview Partners was retained as the exclusive financial advisor to Jack B. Kelley, Inc.

Details of the transaction, which closed on Wednesday, August 31, were not disclosed.

Jack B. Kelley, Inc., headquartered in Amarillo, Texas, has served as a trusted, third‑party carrier for industrial gas producers since its founding in 1946 as a one‑man, one‑truck operation by Jack B. Kelley.  The Company now utilizes an extensive fleet of more than 220 specialty trailers to transport cryogenic gases such as nitrogen, oxygen, helium, argon, carbon dioxide and liquid natural gas.  The Company has built long-term relationships with the leading North American industrial gas producers and serves as the dedicated or exclusive carrier at multiple customer sites.

“We were put at ease with the Edgeview team from the first interaction.  The team was prepared at every turn, even the unexpected ones, and handled each phase of the process with the expert hands that needed to be on the helm at that point.  The Edgeview team’s experience brought comfort and confidence to us as sellers throughout the successful process that we enjoyed both personally and professionally,” commented Ken Kelley, who served as Chairman and CEO of Jack B. Kelley, Inc.

The Kenan Advantage Group (www.thekag.com) operates nationwide through its four groups consisting of the Fuels Delivery Group, Specialty Products Group, Merchant Gas Group and the Logistics Group.  Its subsidiaries across the country include:  Advantage Tank Lines, BXI, Cryogenic Transportation, DistTech, Jack B. Kelley, KAG West, Kenan Transport, Klemm Tank Lines, North Canton Transfer, Petro-Chemical Transport and Transport Service.  KAG’s fleet consists of 4,200 power units and 5,800 trailers.  KAG also provides specialized supply chain logistics services through KAG Logistics and KAG Ethanol Logistics (www.kaglogistics.com).

Edgeview Partners (www.edgeview.com) is a leading independent investment bank focused exclusively on the middle market.  Edgeview has closed M&A transactions in more than 15 industry sectors, including aerospace and defense, applied technology, building products, business services, consumer products, diversified industrials, energy services, healthcare and transportation and logistics.

All securities products and services are offered through Edgeview Capital Securities, LLC, a registered broker-dealer and FINRA/SIPC member firm and an affiliate of Edgeview Partners.