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Construction M&A image Construction M&A » By The Online Investor Staff, updated Thu., May. 2, 1:46 AM Recent mergers and acquisitions in the Construction M&A category.

This Slide: #34 of 100

Slide #34. Trinity Industries, Inc. — WesMor Cryogenic Companies

Acquirer: Trinity Industries, Inc. (NYSE:TRN)
Acquiree: WesMor Cryogenic Companies
Details: Trinity Industries, Inc. (NYSE:TRN) today announced that it has acquired the assets of WesMor Cryogenic Companies ("WesMor") through a newly formed subsidiary. WesMor specializes in the manufacturing, repair, and rehabilitation of cryogenic containers that store and transport LNG and other industrial gases with initial expected annual revenues of approximately $25 million. The transaction includes the acquisition of a manufacturing facility in La Porte, Texas and three service facilities located in La Porte; Slidell, Louisiana; and Port Washington, Ohio.

Trinity Industries is a provider of railcar products and services in North America. Co.'s rail-related businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, railcar manufacturing, and railcar maintenance and modification services. Co. has two reportable segments: Railcar Leasing and Management Services Group, which is is a provider in North America of railcar industry services; and Rail Products Group, which is a manufacturer of freight and tank railcars in North America used for transporting a variety of liquids, gases, and dry cargo.

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TRN — Key Stats (updated 15 hours, 20 minutes ago)
Company Name:  Trinity Industries, Inc.
Stock buyback:  TRN buyback
Website:  www.trin.net
Sector:  Railroads
Number of ETFs Holding TRN:  73
Total Market Value Held by ETFs:  $673.82M
Total Market Capitalization:  $2.21B
% of Market Cap. Held by ETFs:  30.42%
 

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May 2, 2024  •  1:46 AM Eastern
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Buy (3.20 out of 4)
38th percentile
(ranked lower than approx. 62% of all stocks covered)

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