Savage Enterprises has agreed to sell Savage Rail to Cando Rail & Terminals (a portfolio company of AIMCo)

Client – Savage Enterprises

Leading provider of first and last mile rail services, including short line rail operations, in-plant railcar switching, transloading and railcar storage, among other services; owns and operates Bartlett, Energy & Mineral Services, Rail Services, Refinery Services and Texon.

Counterparty – Cando Rail & Terminals

North America’s leading provider of specialized rail operating services and terminal infrastructure that allow industrial shippers to optimize their supply chains and connect to Class I railways.

Northborne’s knowledge of the rail industry was invaluable as we evaluated strategic options for Savage Rail. We are grateful for their guidance in finding a partner that will support Savage Rail’s next chapter of growth.
Jeff Roberts, President and CEO of Savage

Deal Highlights

Industry
Industrials & Infrastructure
Client Type
Corporate
Counterparty Type
PE-Backed Strategic
Headquarters
Midvale, UT

Deal Team

Managing Director

Benjamin Marks

Director

Chris Klotsche