Cad Railway Industries Inc. has received strategic advisory

The shareholders of Cad Railway Industries Inc. (CadRI) have renegotiated a distribution agreement with PowerRail.

Founded in 1968 and headquartered in Montreal, Canada, CadRI is the largest, pan-Canadian, one-stop repair and remanufacturing platform for all rolling stocks, such as passenger cars, locomotives and freight cars. CadRI operates out of its three facilities, located in Montreal, Toronto and Calgary, has 530 employees and can service its clients all across the country.

PowerRail is a certified AAR M–1003 manufacturer, remanufacturer and distributor of aftermarket locomotive parts and components, offering a wide range of products. It is North America’s leading aftermarket parts provider, supporting both EMD and GE locomotives. In addition to its broad locomotive line, the company also provides products for the passenger transit, marine and power generation markets.

Sojitz Corporation was formed with the union of Nichimen Corporation and Nissho Iwai Corporation. For more than 150 years, the business has helped support the development of countless countries and regions. Today, the Sojitz group consists of approximately 400 subsidiaries and affiliates located in Japan and throughout the world, developing wide-ranging general trading company operations in a multitude of countries and regions.

Oaklins’ team in Canada acted as financial advisor to Cad Railway Industries Inc. in this transaction.