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

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.

Alpenglow Rail and CC&L Infrastructure Acquire Alberta Midland Railway Terminal

October 25, 2022

Transportation

Alpenglow Rail Services Corp. and Connor, Clark & Lunn Infrastructure have acquired Alberta Midland Railway Terminal Ltd. (AMRT), a 300-acre dual-served rail terminal in Lamont County, Alberta serving the Edmonton Industrial Heartland. The acquisition expands Alpenglow/CC&L's rail terminal portfolio in North America and will add transloading, railcar cleaning and repair services to AMRT's offering.

AIMCo Acquires Minority Stake in Davies Group from HGGC

January 23, 2019

Professional Services

Alberta Investment Management Corporation (AIMCo) agreed to buy a minority stake in London-based Davies Group from majority owner HGGC, with HGGC retaining majority ownership. The investment provides Davies with long-term institutional capital to support continued organic growth and expansion; the company has more than doubled revenues to $150 million and employs roughly 1,700 people across the UK, Ireland, Bermuda, the US and Canada.

Institutional Investors Advised by J.P. Morgan Asset Management Acquire Contanda from EQT Infrastructure

December 18, 2019

Logistics & Distribution

EQT Infrastructure II has completed the sale of Contanda LLC, a Houston-based provider of liquid bulk storage and logistics services, to institutional investors advised by J.P. Morgan Asset Management. Contanda operates 15 terminals in North America with over seven million barrels of capacity and ~275 employees; the sale represents a PE exit after a period of growth and capacity expansion under EQT's ownership.

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.