The new rail terminal adds additional rail capacity to Cando’s existing network and provides access to the Rocky Mountains, Western Canada and the Pacific Northwest. The terminal’s strategic location offers Cando’s clients a unit train staging and storage location with first-class railcar repair shops on-site.
Cando’s investment will increase market access and allow facilities in Southern Alberta – and across its network – to concentrate on their core business, while partnering with Cando to access increased transportation and logistical solutions. MLT Aikins acted on behalf of Cando in this transaction.
A defining moment
“This acquisition signals a new era of growth for Cando. Strategic acquisitions such as this allow us to grow our terminal network across Canada and into the U.S. to better serve our clients.
The terminal will allow us to expand our nation-wide logistics planning network and enable greater movement of Canada’s goods and resources in a key transportation corridor.”
– Brian Cornick, Cando’s President & CEO
At a glance
- Current terminal capacity of 1,700 railcar spots
- Services offered seven days a week for railcar staging and storage
- All existing Transmark employees retained and terminal operations maintained
- Expanded Cando’s network to stage and store more than 10,000 railcars
- Cando now owns 12 terminals and a short-line railway
Legal advisers for Cando Rail & Terminals:
Partners: Eric Buettner, Scott Exner, Pamela Hilderman
Associates: Steven Dressler, Amy Gelhorn, Natasha Hepp
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