Another big purchase is highlighting the pension pressure of Canada’s largest players.
The private equity arm of the OMERS Pension Plan signed a definitive agreement to acquire The Kenan Advantage Group (KAG) from Goldman Sachs Capital Partners and Centerbridge Partners.
OMERS Private Equity completed the deal for North America's largest provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets.
"The investment in KAG is consistent with OPE's strategy of acquiring industry leading companies with world class management. Kenan Advantage Group has steadily grown to become the most sophisticated platform of scale in the stable and growing liquid bulk transit space,” said Michael Graham, OPE Senior Managing Director and Head of North America.
“Unlike traditional PE firms, OPE takes a longer view, and KAG matches up well with our strategy of choosing assets that have excellent long term fundamentals. KAG is a very strong addition to our growing industrials portfolio."
The transaction is expected to close in the third quarter of 2015.
OMERS Private Equity completed the deal for North America's largest provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets.
"The investment in KAG is consistent with OPE's strategy of acquiring industry leading companies with world class management. Kenan Advantage Group has steadily grown to become the most sophisticated platform of scale in the stable and growing liquid bulk transit space,” said Michael Graham, OPE Senior Managing Director and Head of North America.
“Unlike traditional PE firms, OPE takes a longer view, and KAG matches up well with our strategy of choosing assets that have excellent long term fundamentals. KAG is a very strong addition to our growing industrials portfolio."
The transaction is expected to close in the third quarter of 2015.
