Cando Adds Another Multi-Purpose Terminal

Cando Rail & Terminals Adds Another Multi-Purpose Rail Terminal to Network

Acquisition of Enterprise, NT, terminal expands Cando’s coast-to-coast network to include the Northwest Territories and deepens relationships with key network customers

Represents Cando’s second acquisition in less than a year, a critical pillar of Cando’s growth strategy

WINNIPEG, MB/ENTERPRISE, NT – November 20, 2024 – Cando Rail & Terminals (“Cando”), one of North America’s largest owners and operators of first and last mile rail infrastructure, is pleased to announce it has acquired the rail terminal operations of AWP Industries (“AWP”), a first-class private railcar storage and transload terminal in the Northwest Territories. The new rail terminal supports key existing Cando network customers, as well as Class I partner CN. AWP is strategically located at the northern terminus of CN’s rail network and serves as a critical gateway to transport bulk products to support communities, airports, mines, and governmental agencies in the North. The terminal acquired from AWP was recently-built and has substantial capacity for future growth, providing a more economical and environmentally-friendly alternative to long-haul trucking.

“AWP’s terminal was another perfect fit for Cando,” says Brian Cornick, President & CEO of Cando. “Brad Mapes, the Founder and CEO of AWP, has done a tremendous job over the last few years turning undeveloped land into a fast-growing rail terminal serving several of North America’s largest shippers. We are excited to partner with Brad to continue growing the site and providing critical supplies to the North while supporting several of Cando’s largest customers, as well as CN.”

The acquisition of Cando’s newest terminal in the Northwest Territories marks the company’s second terminal acquisition in less than a year. “Strategic acquisitions have become a cornerstone of Cando’s multi-faceted growth platform,” says Cornick. “Cando plans to continue investing organically and inorganically in critical rail infrastructure to support shipper-customers and Class I partners.”

Founder and CEO of AWP Brad Mapes has become an employee and shareholder of Cando and will focus on driving additional volumes and new customers to the terminal. “I am excited to partner with Cando and leverage its scale, access to capital, world class operations, and deep customer relationships to accelerate and expand my vision for the terminal,” says Mapes.

With the acquisition, Cando’s network has the capacity to stage and store more than 11,000 railcars. The company now owns and operates 13 rail terminals and 1 short line railway, in addition to providing rail operations at nearly 50 customer locations.

About Cando Rail & Terminals

Cando Rail & Terminals is Canada’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 by leveraging Cando’s operating capabilities and network of owned multi-purpose rail terminals. The company provides a wide range of rail services including short line operations, industrial switching, material handling, terminal & transload services, railcar staging, train assembly, and related services. Cando owns and operates 13 terminals and manages nearly 50 industrial railyards across North America. Fully embedded in their customers’ supply chain, Cando Rail & Terminals ensure their customers’ products get to where they need them, when they want them.