Cando Rail & Terminals to acquire the rail terminal and associated operations of Texas Deepwater Partners.

Cando Rail & Terminals, a Canada’s provider of specialized rail operating services, agreed to acquire the rail terminal and associated operations of Texas Deepwater Partners, a joint venture between Pinto Realty and USD Group. Financial terms are not disclosed. “We are very pleased to add our first terminal in the United States to our network of terminals. The Cando Channelview Terminal is a multi-customer, multi-purpose railcar storage, staging, and transload terminal strategically located on the north side of the Houston Ship Channel, serving many of the world’s largest petrochemical producers. This asset is right down the middle of the fairway for Cando, and we look forward to engaging with the PTRA, existing customers, and new customers to enhance their supply chains and expand the terminal. In addition, we are excited to be the exclusive rail partner to Texas Deepwater and support its plans to further develop the site,” Brian Cornick, President & CEO of Cando Rail & Terminals.