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.
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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% |
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April 25, 2024 8:52 PM Eastern
Buy (3.20 out of 4)
39th percentile
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