Omers Is Said to Explore IPO of Transport, Logistics Firm Kenan

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.

Decisions, including terms, haven’t been finalized, and Omers could opt to keep Kenan private or pursue other options, the people said. ...