August 4, 2022 – Nashville, TN – American PetroLog co-founder Jeff Colonna said it was the “right time” to sell the third-party logistics business during a recent “In The Hot Seat” interview with Spencer Tenney, CEO of the Tenney Group, which provided advisory services.
Once he identified the right buyer, the decision wasn’t difficult, he maintained.
Kenan Advantage Group’s (KAG’s) logistics division acquired the seven-year-old company based in Lafayette, Louisiana, in June, citing “tremendous synergies” between the organizations, and American PetroLog’s “impeccable” reputation.
“We knew pretty quickly that they were the right partner for us,” Colonna said. “The goal was to preserve the culture, growth, and service American PetroLog has provided.”