Savage Rail Acquired by Cando Rail & Terminals | Logistics M&A Deal

Cando Rail & Terminals has completed the acquisition of Savage Rail, a logistics other business in Utah. Cando Rail & Terminals acquisitions expand rail operating services and terminal infrastructure that connect industrial shippers to Class I railroads through first and last mile logistics. Savage Rail operated short-line railways and provided railcar storage, staging, and transload services across the U.S. and Canada, strengthening Cando’s coast-to-coast network and customer access. The logistics M&A deal is a strategic add on acquisition by a strategic buyer, with Cando planning a U.S. headquarters in Salt Lake City, Utah, after closing. Deal size was undisclosed, and the combination adds 36 terminals and 80 first and last mile rail service operations to Cando’s platform.