KAUKAUNA, Wis. (May 15, 2018) – Baker Tilly Capital, LLC, a boutique investment bank for middle-market businesses, successfully assisted Schuh Transport, Inc. (Schuh Transport) in the sale of its business assets to The Kenan Advantage Group, Inc. (KAG).
Schuh Transport, a short and long-haul trucking service company specializing in the bulk transport of petroleum products, is a family business owned by two brothers – Steve and Tim Schuh – who desired to find a buyer for their company.
Baker Tilly Capital analyzed Schuh Transport’s situation and implemented a focused marketing process to find a strategic buyer that was a good fit for Schuh Transport’s expertise in petroleum product transportation. Ultimately, the transaction process culminated in the successful sale of Schuh Transport to KAG.
“We were pleased to identify a best-in-class, strategic buyer in Kenan Advantage Group that perfectly aligns with Schuh Transport’s expertise,” Sean Dingeldein, managing director with Baker Tilly Capital, said. “Steve and Tim successfully lead Schuh Transport and we wanted to make sure we paired the company with the right partner for continued success.”
KAG is recognized as North America’s largest tank truck transporter and logistics provider, delivering fuel, chemicals, merchant gases and liquid food products. The largest component of KAG’s business is its fuels delivery platform, which delivers refined petroleum products and renewable fuels to its regional and national customers. KAG’s focus on transporting petroleum products made Schuh Transport a logical fit to bring into the fold.
“Tim and I wanted to make sure we found the right buyer,” Steve Schuh, co-owner of Schuh Transport, said. “Kenan Advantage Group recognized the true strategic value of our company and the synergies we provide, and we are excited about the opportunities this opens up for our employees moving forward.”
To learn more about Baker Tilly Capital’s investment banking services, visit bakertillycapital.com.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals. The combined worldwide revenue of independent member firms is $3.4 billion.