TriWest Announces Sale of RTL-Westcan to Kenan Advantage Group
January 9, 2014 – TriWest Capital Partners (“TriWest”) is pleased to announce the sale of RTL-Westcan Group of Companies (“RTL-Westcan”) to Kenan Advantage Group (“Kenan”). Canton, Ohio-based Kenan is North America’s largest tank truck transporter and logistics provider. The senior management team members of RTL-Westcan continued in their existing roles upon completion of the transaction. Cody Church, Senior Managing Director at TriWest, commented: “On behalf of TriWest, I would like to thank Tom Kenny, Chairman of RTL-Westcan, Grant Mitchell, CEO of RTL-Westcan, and the rest of the management team for their hard work, dedication, and strong execution of RTL-Westcan business plan over the last number of years.” The sale was completed on November 15, 2013.
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over $775 million in committed capital through four funds. TriWest makes significant equity investments in profitable companies and works in partnership with management to generate superior financial returns through the pursuit of growth opportunities and a focus on operational excellence. TriWest provides more than just capital. The principals of TriWest have significant operational and financial expertise, making us effective partners in creating shareholder value. More information on TriWest can be found at www.triwest.ca.
Founded in 1964 and based in Edmonton, Alberta, RTL-Westcan transports liquid and dry bulk commodities including petroleum, ammonia, propane, liquid asphalts, fertilizers, grains, limes, salt, sulfur, mining commodities and lumber products. These products are used for numerous applications within a diverse range of end markets including petroleum, mining, agriculture and oilfield production. RTL-Westcan is also engaged in civil and industrial construction in the Northwest Territories. More information on RTL-Westcan can be found at www.westcanbulk.ca.