About Cando Rail
Cando Rail is a company based in Brandon (Canada) founded in 1978 by Gord Peters and Rick Hammond was acquired by Aimco in July 2022.. The company has 219 employees as of December 31, 2024. Cando Rail offers products and services including Rail Solutions and Terminal Operations.
- Headquarter Brandon, Canada
- Employees 219 as on 31 Dec, 2024
- Founders Gord Peters, Rick Hammond
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- Legal Name Cando Rail & Terminals Ltd
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Products & Services of Cando Rail
Cando Rail offers a comprehensive portfolio of products and services, including Rail Solutions and Terminal Operations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom rail solutions are designed and operated to facilitate supply chain movements across North America.
Rail terminals are built and managed to handle product transfers efficiently in various locations.
Funding Insights of Cando Rail
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2018 | Amount | Private Equity Round - Cando Rail | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cando Rail
Cando Rail has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Aimco and TorQuest Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Middle-market private equity investments are managed by TorQuest Partners.
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Founded Year | Domain | Location | |
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REIT focusing on residential real estate properties
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cando Rail
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cando Rail
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cando Rail Comparisons
Competitors of Cando Rail
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Cando Rail
When was Cando Rail founded?
Cando Rail was founded in 1978 and raised its 1st funding round 40 years after it was founded.
Where is Cando Rail located?
Cando Rail is headquartered in Brandon, Canada. It is registered at Brandon, Manitoba, Canada.
Who is the current CEO of Cando Rail?
Brian Cornick is the current CEO of Cando Rail.
How many employees does Cando Rail have?
As of Dec 31, 2024, the latest employee count at Cando Rail is 219.
What does Cando Rail do?
Cando Rail was founded in 1978 in Brandon, Canada, within the rail transportation sector. Custom rail solutions and terminal operations are provided to industrial shippers. Complete systems are designed, built, and managed to optimize supply chains and connect clients to Class I railways. Multi-purpose rail terminals are handled, with integration into customer operations ensured for reliable product delivery. Safety protocols are prioritized alongside operational efficiency.
What products or services does Cando Rail offer?
Cando Rail offers Rail Solutions and Terminal Operations.
Who are Cando Rail's investors?
Cando Rail has 2 investors. Key investors include Aimco, and TorQuest Partners.
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