Cando Rail Services Ltd., a Brandon, Manitoba, Canada-based provider of specialized rail support services that allow industrial customers to optimize their bulk material supply chain and connect to Class 1 railways, received an investment from TorQuest Partners.
The terms of the transaction were not disclosed.
Co-founded by Gord Peters and Rick Hammond in 1978 and led by Brian Cornick, CEO, Cando provides a wide range of rail services including: industrial switching, material handling, logistics, terminal & transload services, mechanical services, railcar storage, and engineering & track services. The company has a workforce of over 600 employees who enable customers to optimize bulk material supply chains at more than 25 locations across North America.
There will be no changes to the company’s day-to-day operations or management as a result of the transaction.
FinSMEs
09/11/2018