Bluejay Advisors Exclusive Advisors to Xcel Bulk Logistics in its Sale to Kenan Advantage Group

Bluejay Advisors (“Bluejay”), an Investment Bank exclusively focused on the transportation and logistics industry, served as the exclusive sell-side advisor to Xcel Bulk Logistics (“XBL”) on the transaction with Kenan Advantage Group (“KAG”).

XBL, founded in 2021 and headquartered in Weatherford, Texas, is an integrated dry bulk transportation and logistics company providing transportation, storage, and other supply chain management solutions to industrial and construction customers across the Southeast, Gulf Coast, and Midwest.

Since 2021, XBL has been backed by Lilium Group, a Houston-based private equity group focused on investments in the industrial and transportation space. Lilium Group and Bluejay Advisors have a long-standing relationship built on trust and execution.

XBL/Lilium Group selected Bluejay based on our understanding and successful history of deal making within the T&L industry coupled with our deep relationships with strategic and financial buyers.  “XBL’s sale to KAG is a great outcome for investors and gives the XBL team the opportunity to expand its geography and product offerings as part of a world-class organization,” said Peterson Hawkins, Managing Partner of Lilium Group.

Learn more about Bluejay’s role in the transaction by exploring our Case Study.

“We really enjoyed the opportunity to work on a deal with [the Bluejay] team and appreciate all the efforts to get us to the closing line,” said Rebecca Lynn White, EVP Strategy and Corporate Development at KAG.

Peterson Hawkins, commented on the experience with Bluejay, stating “Bluejay continues to distinguish themselves.”

“KAG and XBL are complementary to one another. KAG is the leader in liquid and dry bulk transportation across vast commodities and XBL and its management team have specific expertise and an impressive record in the dry bulk industrial space. It was our pleasure collaborating with professionals on both sides that understand what matters and how to execute a successful transaction,” said Billy Hart, Managing Partner of Bluejay Advisors.

Read the full Press Release here.

About Bluejay Advisors

Bluejay Advisors (“Bluejay”) is a sell-side and buy-side investment bank solely focused on transportation and logistics transactions. The Bluejay team is comprised of senior M&A professionals with more than 150 years of combined experience in transportation and logistics with a proven history of value creation. Learn more about Bluejay at bluejay-advisors.com.

About Xcel Bulk Logistics

Founded in 2021 and headquartered in Weatherford, Texas, XBL is an integrated dry bulk transportation and logistics business created to be the customer and employee preferred partner for managing construction and industrial materials throughout the Southeast. Through their network of terminals across the Southeast, Gulf Coast, and Midwest, and operating divisions XBL Construction Materials, XBL Industrial Materials, and XBL Storage Solutions, XBL provides customers innovative and reliable solutions. For more information, visit https://www.xcelbulk.com/.

About KAG

KAG (www.thekag.com) is a leading specialized transportation and logistics services provider with operations across the United States and Canada.