AIMCo Acquires Cando Rail & Terminals from TorQuest Partners and Employee Shareholders

July 20, 2022

Alberta Investment Management Corporation (AIMCo) has agreed to acquire 100% of Cando Rail & Terminals Ltd. from TorQuest Partners and Cando employee shareholders. Cando, headquartered in Brandon, Manitoba, operates a network of 40+ industrial railyards, nine owned terminals and one short-line railroad with 900+ employees and 100+ locomotives; the transaction is subject to customary regulatory approvals and financial terms were not disclosed.

Buyers
Alberta Investment Management Corporation (AIMCo)
Targets
Cando Rail & Terminals Ltd.
Sellers
TorQuest Partners, Cando employee shareholders
Industry
Transportation
Location
Manitoba, Canada
Transaction Type
Buyout

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