en.Wedoany.com Reported - Canada's Cando Rail & Terminals has completed the acquisition of Savage Rail from Savage Enterprises, LLC. The combined company now operates a network spanning Canada and the United States, encompassing 36 railcar storage, transloading, and transfer terminals, three short-line railroads, and 80 first-mile and last-mile rail service operations, providing access to all six Class I railroads.

Brian Cornick, President and CEO of Cando Rail & Terminals, stated: "Closing this transaction marks a significant milestone for Cando and reflects the outstanding work both teams have done to bring these two highly complementary businesses together. With Savage Rail becoming part of Cando, we operate a broader, more interconnected platform across North America, which enhances our ability to serve our customers."

Jeff Roberts, President and CEO of Savage, said: "Today marks the beginning of an exciting new chapter for both Cando and Savage. We look forward to seeing what Cando achieves with its expanded network and watching our former team members thrive in a pure-play rail business. At the same time, the completion of this transaction reinforces our strategic focus on the food and fuel sectors."

Cando will retain its global headquarters in Manitoba, Canada, and plans to establish a new U.S. headquarters in Salt Lake City, Utah. Mike Miller, formerly Senior Vice President and Head of Rail Services at Savage, has been appointed Chief Commercial Officer of Cando.

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