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Trinity Industries is a premier provider of railcar products and services in North America

On November 1, 2018, Trinity Industries separated into two independent public companies. Trinity is now primarily focused on railcar-related products and services, while the spin-off company is focused on infrastructure-related products.

Trinity Industries, Inc. owns an integrated platform of market-leading businesses that provide railcar products and services in North America marketed under the trade name TrinityRail®. The TrinityRail integrated platform is designed to optimize the ownership and usage of railcars, enabling customers to devote more resources to their core competencies. Trinity also owns a leading business engaged in manufacturing highway products and a logistics business that serves Trinity’s internal needs and other industrial companies.

Trinity reports its financial results in three principal segments: the Railcar Leasing and Management Services Group the Rail Products Group, and the All Other Group (which includes our highway products and logistics businesses). Our common stock is traded on the New York Stock Exchange under the symbol TRN.

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Trinity Industries, Inc.
Actual Acquirer:
Trinity Industries Leasing Company, Inc.
Target:
Railcar Assets
Deal Type:
Specialty Finance Portfolio
Seller:
ECN Capital Corp.
Agreement Date:
9/24/2018
Announcement Date:
9/24/2018
Announced Deal Value ($ M):
360.00
Status:
Completed
Completion Date:
10/17/2018

Consideration Breakout
Cash ($M) 360.0

Deal Terms
Description of Consideration

Trinity Industries Inc. paid $360 million in cash to acquire railcar assets from ECN Capital Corp.

Percent Acquired (%) NA
Purchase Method Acquisition
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA