Railcar lessor Trinity Industries is selling its highway products business for $375 million in cash.
The company has entered into a definitive agreement with Monomoy Capital, a middle market private equity fund. The highway products business manufactures and supplies commercial products such as guard rails, crash cushions and traffic control barriers.
The agreement, announced Wednesday, is subject to customary closing conditions and adjustments. The transaction, which has been approved by...
https://www.freightwaves.com/news/trinity-industries-sells-its-highway-products-group