Cando Rail & Terminals to Acquire Savage Rail
February 23, 2026
Cando Rail & Terminals signed a definitive agreement to acquire Savage Rail from Savage Enterprises LLC. The deal expands Cando’s North American first- and last-mile rail operating and terminal infrastructure footprint, while repositioning Savage to focus on its other food and fuel-related businesses. The transaction was expected to close in the second quarter of 2026, and later sources confirm it completed on May 1, 2026.
- Buyers
- Cando Rail & Terminals
- Targets
- Savage Rail
- Sellers
- Savage Enterprises LLC
- Industry
- Transportation
- Location
- Utah, United States
- Transaction Type
- Buyout
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