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10/6/2025
Cando Rail & Terminals has agreed to acquire the rail terminal and operations of Texas Deepwater Partners, a joint venture project of USD Group LLC and Pinto Realty Partners.
The transaction is expected to close in the fourth quarter. Financial terms were not disclosed.
Located on the Houston Ship Channel, the newly named Cando Channelview Terminal is a rail-car storage, staging and transload terminal. It features an existing capacity of 900 rail cars, real estate for expansion and connections to BNSF Railway, Canadian Pacific Kansas City and Union Pacific Railroad through the Port Terminal Railroad Association (PTRA), Cando officials said in a press release.
Cando Channelview Terminal is the company's first U.S. terminal and the third terminal acquisition in the last two years. Cando's other terminals are located in Canada. The acquisition will bring Cando's network to 15 terminals and one short line. The company also provides rail operations at more than 50 customer locations.
"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," said Cando President and CEO Brian Cornick.