Trinity Industries Acquires Quasar Platform from Cando 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.

Trinity Industries Acquires RSI Logistics

March 8, 2023

Transportation

Trinity Industries, Inc. acquired RSI Logistics for $70 million, closing on March 8, 2023. The deal adds RSI's rail-focused software, logistics services, terminal operations, and intermodal capabilities to Trinity's rail services platform while retaining RSI employees.

TRC Companies Acquires Quatric

June 16, 2021

Energy

TRC Companies has acquired Quatric, a Montreal and Quincy-based engineering and technology firm focused on electric and gas utilities. The acquisition expands TRC's digital capabilities for utilities, adding Quatric's expertise in SCADA, ADMS, EMS, systems integration and distribution network planning to TRC Digital's offerings across North America.

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 Holden America

December 30, 2022

Manufacturing

Trinity Industries, Inc. acquired Holden America for an initial purchase price of $70 million plus a minimum of $5 million per year for the next two years. Holden America manufactures multi-level vehicle securement and protection systems, gravity-outlet gates and gate accessories for freight rail; the deal adds a market-leading bi-level chock system to Trinity's autorack product portfolio and expands its higher-margin aftermarket parts exposure. The acquisition closed on December 30, 2022, and Trinity will retain all Holden employees.

Navis (Cargotec) Acquires Assets of Biarri Rail

February 19, 2020

Transportation

Navis, part of Cargotec Corporation, agreed to acquire the assets of Biarri Rail, a Melbourne-based provider of planning and scheduling optimization software for freight railroads. The acquisition integrates Biarri Rail's SaaS planning and optimization capabilities with Navis' N4 Terminal Operating System to expand Navis' inland/intermodal rail solutions and improve rail operations and asset utilization. The Biarri Rail team will continue operating from Melbourne and Chicago; the deal was expected to close by end of February 2020.