Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to people with knowledge of the matter.
Omers is discussing a US listing in which the North Canton, Ohio-based company may raise about $400 million, said the people, who asked not to be identified discussing confidential information. Kenan could be valued at about $3.5 billion in an IPO, one of the people said.