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12/5/2025
Cando Rail & Terminals, a North American owner and operator of first-and-last-mile rail infrastructure, yesterday announced it completed its acquisition of the rail terminal and associated operations of Texas Deepwater Partners.
Texas Deepwater is a joint venture project formed by USD Group LLC and Pinto Realty Partners to develop a premier energy logistics terminal on the Houston Ship Channel, according to a Cando Rail press release. Financial terms of the acquisition were not announced.
With the acquisition, Cando’s network has the capacity to store and stage more than 13,000 rail cars. The company now owns and operates 15 rail terminals and one short line, in addition to providing rail operations at more than 50 customer locations.
The acquisition adds the first U.S. terminal to Cando's network of terminals, said Cando Rail President and CEO Brian Cornick.
“The Cando Channelview Terminal is a multicustomer, multipurpose rail-car 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," he said. "With existing capacity of 900 rail cars, surplus real estate for future growth and connections to the BNSF Railway, CPKC and Union Pacific Railroad networks through the Port Terminal Railroad Association, the terminal supports both existing and new shipper-customers, as well as existing and new Class I railroad partnerships.”