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