Cando Rail & Terminals Acquires Channelview Rail Terminal from Texas Deepwater Partners

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

July 20, 2022

Transportation

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.

Cando Rail & Terminals to Acquire Savage Rail

February 23, 2026

Transportation

Cando Rail & Terminals and Savage Enterprises LLC announced the execution of a definitive agreement for Cando to acquire Savage Rail. The combination is intended to create North America’s leading first- and last-mile rail operating services and terminal infrastructure provider by expanding Cando’s U.S. footprint and strengthening its Canada network.

Trinity Industries Acquires Quasar Platform from Cando Rail

May 26, 2022

Logistics & Distribution

Trinity Industries, Inc. has acquired Quasar Platform Inc., an end-to-end rail logistics software platform, from Cando Rail & Terminals Ltd. The purchase, which closed on May 26, enhances Trinity’s Trinsight digital product suite by adding yard management, activity-based costing and new data visualization capabilities; Trinity will retain Quasar’s employees.

PSC Group Acquires Bayport Rail Terminal LLC

January 9, 2024

Logistics & Distribution

PSC Group, a portfolio company of Aurora Capital Partners, has acquired Bayport Rail Terminal LLC (BRT), a 115-acre rail, truck and container terminal serving the chemical industry on the Bayport Loop and near the Port of Houston, from US Development Group. The acquisition expands PSC's last-mile logistics, railcar repair/cleaning and transloading capabilities in one of North America's largest chemical and plastics hubs.

LongWater Forms Cypress Rail Solutions to Acquire Northern Plains Rail Services' Maintenance Assets

October 2, 2024

Transportation

LongWater Opportunities partnered with industry executives Randy Meyer and Brian Trammell to form Cypress Rail Solutions, a new railcar services platform. Cypress completed its first acquisition of certain railcar maintenance assets (locations in North Dakota and Minnesota) from Northern Plains Rail Services and plans further expansion across additional geographic markets to build a significant railcar services platform.

USD Partners LP to Acquire Hardisty South Terminal Assets

March 28, 2022

Infrastructure

USD Partners LP has entered into an agreement to acquire entities owning the Hardisty South terminal assets from USD Group LLC in a transaction valued at $75 million in cash plus approximately 5.75 million common units. The deal is expected to close in the second quarter of 2022, subject to required consents.