Go to deals
Private Equity | Industrial Machinery & Components | Other Industries

Cad Railway Industries Ltd. has acquired Caltrax Inc.

Cad Railway Industries Ltd., the largest rolling-stock repair and remanufacturing facility in Canada, has acquired Caltrax Inc., a full service independent railcar repair service facility. The transaction’s terms have not been disclosed.

Cad Railway Industries, founded 45 years ago in Lachine, Quebec, is a manufacturing company servicing the rail, marine, mining, and power generation industries. The company offers its main customers in these industries integrated remanufacturing, repair, refurbishment and upgrading services for locomotives, freight cars, passenger diesel engines and components.

Caltrax is a privately owned railcar servicing company located in Calgary, Alberta. Since 1990, the company has serviced the needs of the rail transportation sector and today is the only independent full service railcar service shop in western Canada. Caltrax provides a premium service with an emphasis on quality workmanship with expedited service turnaround time. Caltrax is active in all areas of tank and freight car repair, including painting, interior lining and cleaning. The company is ideally situated with immediate access to the Canadian Pacific Railway (CP Rail) yard to the south and west, and a Canadian National Railway (CN Rail) line to the east.

Vada Capital is an independent, family-backed private equity firm that partners with passionate management teams to achieve growth. Vada’s investments are industry agnostic, with a preference for majority ownership.

Oaklins' team in Montreal advised the buyer in this transaction.

Service
M&A buy-side
Parties

Talk to the deal team

 Fausto  Levy

Fausto Levy

Principal
Montreal, Canada
Oaklins E. Canada
 Sebastien  Nadeau

Sebastien Nadeau

Managing Partner
Montreal, Canada
Oaklins E. Canada

Related deals

IJssel Technologie agrees to sell the company to Argos Wityu
Private Equity | Business Support Services

IJssel Technologie agrees to sell the company to Argos Wityu

The shareholders of IJssel Technologie have agreed to sell a majority stake in the company to Argos Wityu. By partnering with Argos Wityu, IJssel Technologie welcomes a strong new shareholder that will help strengthen the company’s market-leading position and together will further improve IJssel Technologie’s service offering to address the relevant macro-economic developments, including the trend toward sustainable and smart industries.

Learn more
Brookdale Treeland Nurseries has sold a majority stake to Rouge River Capital
Private Equity | Agriculture

Brookdale Treeland Nurseries has sold a majority stake to Rouge River Capital

The shareholders of Brookdale Treeland Nurseries have sold a controlling stake to Rouge River Capital.

Learn more
Sojitz North America has acquired a stake in the consortium ONxpress
Other Industries

Sojitz North America has acquired a stake in the consortium ONxpress

Sojitz North America has acquired a stake in ONxpress Transportation Partners.

Learn more