Construction M&A » By The Online Investor Staff, updated Mon., Jul. 4, 11:42 AM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #31. Trinity Industries, Inc. — Alloy Custom Products, Inc.
Acquirer:
Trinity Industries, Inc. (NYSE:TRN)
Acquiree:
Alloy Custom Products, Inc.
Details:
Trinity Industries, Inc. (NYSE:TRN) today announced that its subsidiary has acquired the assets of Alloy Custom Products, Inc. ("Alloy"). Alloy is based near Lafayette, Indiana and manufactures and repairs cryogenic transportation products including cryogenic tanks and semi-trailers that store and transport LNG and other industrial gases. Initial annual revenues are expected to be in the range of approximately $25 to $30 million.
Trinity Industries is a provider of railcar products and services in North America. Co. has the following reportable segments: Railcar Leasing and Management Services Group, which provides operating leases for freight and tank railcars, as well as originates and manages railcar leases for third-party investors and provides fleet maintenance and management services to industrial shippers; Rail Products Group, which manufactures freight and tank railcars in North America used for transporting a variety of liquids, gases, and dry cargo, and also provides a range of maintenance services and solutions; and All Other, which includes Co.'s highway products business.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 13rd percentile
(ranked lower than approx. 87% of all stocks covered)
Analysts' Target Price: TRN Stock Forecast Based on Zacks ABR data; powered by Xignite |
