Cando Rail & Terminals to Acquire Savage Rail

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 Acquires Channelview Rail Terminal from Texas Deepwater Partners

December 4, 2025

Transportation

Cando Rail & Terminals completed the acquisition of the Channelview rail terminal and associated operations from Texas Deepwater Partners, a joint venture formed by USD Group LLC and Pinto Realty Partners. The purchase gives Cando its first U.S. terminal on the Houston Ship Channel — a multi-customer, multi-purpose facility with existing capacity for 900 railcars and room for future expansion.

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.

North American Rail Solutions (American Track) Completes Multiple Add-on Acquisitions Including West Rail Construction, Strategic Rail, Tri Innovations and Condor Signals

March 4, 2024

Transportation

DFW Capital Partners-backed North American Rail Solutions (NARS), through its subsidiaries American Track and Universal Rail Systems, completed a series of add-on acquisitions to expand geographic coverage and service capabilities across the U.S. and Canada. Targets include West Rail Construction (Vancouver, WA), Strategic Rail (Tomahawk, WI), Tri Innovations Consulting Ltd. (Calgary, AB) and Condor Signals & Communications (Ontario) to broaden NARS' rail maintenance, construction, engineering and signals/communications offering.

Transportation Infrastructure Partners (Ridgewood & Savage) Acquires Worldwide Terminals Fernandina

July 1, 2022

Transportation

Transportation Infrastructure Partners (a joint venture between Ridgewood Infrastructure and Savage) acquired Worldwide Terminals Fernandina, LLC, the operator of the Port of Fernandina in Florida. The acquisition expands TIP’s portfolio of U.S. port and terminal infrastructure and positions Savage to operate the terminal as part of its broader network of ports and terminals.

North American Rail Solutions Acquires Condor Signal & Communications

April 9, 2024

Infrastructure

North American Rail Solutions, through its Canadian subsidiary Universal Rail Systems, has acquired Condor Signal & Communications, a rail signals and communications provider based in Oakville, Ontario. The deal brings Condor into Universal Rail's Signals group as an add-on to expand signals & communications capabilities and product offerings across Canada and into the United States; Condor will retain its Oakville offices and continue manufacturing rail switch heaters and related products.