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acquisitionAnnounced · Feb 23, 2026Rail TransportationSource · CredibleArticle · Factual
Cando Rail & Terminals acquires Savage
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
$1B
Target
Savage
Midvale, Utah
Acquirer
Cando Rail & Terminals
Full Acquisition
Status
Pending
Cando Rail & Terminals agreed to acquire Savage. Reported deal value: $1B. Status: Pending. Sector: Rail Transportation. Target headquarters context: Midvale, Utah, United States.
This page summarizes publicly available information about the transaction as of 2026-02-23. Figures and status may change as filings and press coverage update.
Cando Rail & Terminals has signed an agreement to acquire the rail operations of Salt Lake City-based Savage Enterprises in a deal that will create North America largest operator of first- and last-mile rail infrastructure, the companies said today
Deal timeline
Announced
Feb 23, 2026 · trains.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Rail Transportation with a reported deal value of $1B. Figures and status may change as sources update.
Sources: trains.com · Primary article · FireStrike proprietary index