TorQuest Partners invests in Cando Rail Services
Canadian mid-market private equity firm TorQuest Partners has invested in Cando Rail Services Ltd, a Brandon, Manitoba-based provider of specialized rail support services. No financial terms were released. Founded in 1978 by Gord Peters and Rick Hammond, Cando provides a range of rail services that help industrial customers optimize bulk material supply chains and connect to Class 1 railways. Supported by more than 25 North American locations, the company moves over $22 billion of product annually. TorQuest Principal Jonathan Fraser said his firm will work with Cando's employee shareholders to continue growing the core business.
8 November 2018•3 mins read
