Lilium Group Announces Sale of Xcel Bulk Logistics to the Kenan Advantage Group, Inc.

Houston, TX – November 2024 – Peterson Hawkins and Lilium Group announced the sale of Xcel Bulk Logistics (“XBL”) to the Kenan Advantage Group, Inc. (“KAG”), North America’s largest bulk logistics company. Amerisource provided both debt and equity to support the growth of XBL.

"Congratulations to Peterson Hawkins and Lilium Group LLC. Amerisource was pleased to be an investor in Lilium Group, which owns XBL, and provided both equipment financing and corporate debt to the company," said Bill Herrington, EVP at Amerisource.

Peterson Hawkins, Managing Partner of Lilium Group, added, “Our debt and equity partnership with Amerisource was instrumental in providing XBL with the capital and flexibility required to scale quickly and respond to customer demands. XBL’s sale to KAG is a great outcome for investors and gives the XBL team the opportunity to expand its offerings as part of a world-class organization.”

About Amerisource Business Capital:

Amerisource is a leading independent direct lender and provider of capital to small and lower-middle-market businesses seeking senior debt and equity for growth capital, turnaround, or special situations. Founded in 1984, we have provided over $2.1 billion in financing to more than 1,600 companies across the U.S. and Canada. Our deep experience and expertise in complex situations allow us to deliver creative structures that maximize liquidity for our clients. www.amerisource.us.com