The Online Investor
Daily M&A
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
Construction M&A image Construction M&A » By The Online Investor Staff, updated Thu., Apr. 25, 8:52 PM Recent mergers and acquisitions in the Construction M&A category.

Slide #88. Trinity Industries, Inc. Armstrong Bros. Holding Co.

Acquirer: Trinity Industries, Inc. (NYSE:TRN)
Acquiree: Armstrong Bros. Holding Co.
Details: Trinity Industries, Inc. announced that through a wholly-owned subsidiary it has acquired the assets of Armstrong Bros. Holding Co., a Michigan-based manufacturer and lessor of trench shields and shoring equipment for the underground construction industry. The purchase price for the assets was approximately $40 million and includes net working capital, rental fleet assets, associated manufacturing and operational facilities, and certain patents and trademarks. The assets will be reflected in the Construction Products segment for financial reporting purposes.

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.

TRN SEC Filing Email Alerts Service


Open the TRN Page at The Online Investor »

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:  $647.07M
Total Market Capitalization:  $2.19B
% of Market Cap. Held by ETFs:  29.53%
 

Open the TRN Page at The Online Investor (in a new window) »

April 25, 2024    8:52 PM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree TRN Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (3.20 out of 4)
39th percentile
(ranked lower than approx. 61% of all stocks covered)

Analysts' Target Price:
TRN Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Construction M&A - Slide 88 of 100 | www.TheOnlineInvestor.com | Copyright © 1998 - 2024, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.