Cando Rail & Terminals Names Nate Servis as New CFO

Cando Rail & Terminals, a prominent entity in North America's first and last-mile rail infrastructure, announced Nate Servis as its new Chief Financial Officer. Servis, with over 15 years of investment banking experience in the Transportation & Logistics sector, takes over the role on March 26, 2024, succeeding Rick Soenen who is set to retire. His previous stint at Wells Fargo Securities as Managing Director involved leading transactions in the rail sector, making him a strategic addition to Cando's leadership team.

Nate Servis's expertise encompasses significant involvement with Class I and short line railroads, rail service providers, port and terminal operators, and investors in the rail sector. His leadership in the sale of Cando Rail & Terminals to AIMCo in November 2022 highlights his deep knowledge and relationships within the industry. Brian Cornick, President & CEO of Cando, emphasized the strategic importance of Servis's appointment, pointing out his potential to enhance the company's growth through organic investments and strategic acquisitions.

With a strong background starting at Robert W. Baird and holding a B.A. in economics with a focus on finance from Dartmouth College, Servis is well-equipped to support Cando's expansion, especially in the United States. His extensive network and credibility among key industry players are expected to significantly benefit Cando Rail & Terminals.