WINNIPEG, Manitoba — Cando Rail & Terminals has named Nate Servis as chief financial officer effective Tuesday, March 26, replacing the retiring Rick Soenen.
Servis brings more than 15 years of Wall Street experience in transportation and logistics to the position. He joins the company from Wells Fargo Securities, where he was most recently managing director in the Industrials group, where he was responsible for origination and execution of mergers and acquisition and capital-raising transactions. In that role, he led the sale of Cando Rail & Terminals to AIMCo (Alberta Investment Management Corp.) in 2022.
“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,” Brian Cornick, Cando CEO, said in a press release. “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 began his career at Robert W. Baird in the Consumer & Industrials investment banking group. He holds a B.A. in economics with a concentration in finance from Dartmouth College.
Cando owns a network of multipurpose rail terminals in Canada and offers other rail services including short line operation, industrial switching, and terminal and transload services. More information is available at its website.
