Construction M&A » By The Online Investor Staff, updated Tue., Jan. 26, 3:22 AM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #88 of 100 |
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. 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) 27th percentile
(ranked lower than approx. 73% of all stocks covered)
Analysts' Target Price: TRN Stock Forecast Based on Zacks ABR data; powered by Xignite |
