Cando Rail & Terminals Appoints Nate Servis as Chief Financial Officer

Transportation

Mar 27

Nate Servis, CFO, Cando Rail & Terminals

WINNIPEG, Manitoba, March 27, 2024 (VSNewsNetwork.com) - Cando Rail & Terminals, a provider of specialized rail operating services and terminal infrastructure, has announced Nate Servis as its new Chief Financial Officer, effective March 26, 2024. Servis succeeds Rick Soenen, who is retiring after a distinguished tenure with the company.

With over 15 years of experience in investment banking on Wall Street, specializing in the Transportation & Logistics sector, Servis brings a comprehensive understanding of the rail industry to Cando Rail & Terminals. His most recent position was Managing Director in the Industrials group at Wells Fargo Securities, where he was instrumental in leading the firm’s rail sector coverage. His responsibilities included the origination and execution of mergers and acquisitions, as well as capital raising transactions for clients within the Transportation & Logistics sector. Notably, Servis played a key role in the sale of Cando Rail & Terminals to AIMCo in November 2022.

Brian Cornick, President & CEO of Cando Rail & Terminals, emphasized the strategic significance of Servis's appointment, stating, “As we continue on our tremendous growth trajectory, balancing organic growth with strategic acquisitions is a cornerstone of our playbook, and bringing in Nate will enhance these efforts. In addition, Nate brings relationships and credibility with key players in the United States, a core strategic growth area for Cando. His deep understanding of our company and industry, combined with his strategic finance track record, will help propel Cando to new heights.”

Servis's career began at Robert W. Baird in the Consumer & Industrials investment banking group. He is a Dartmouth College alumnus, holding a B.A. in economics with a concentration in finance.

For more information about Cando Rail & Terminals and its leadership team, visit Cando Rail & Terminals' website.

Source: Cando Rail & Terminals via Newswire