Trinity Industries Acquires Holden America

DALLAS–(BUSINESS WIRE)–Trinity Industries, Inc. (NYSE:TRN) today announced the acquisition of Holden America for an initial purchase price of $70 million with an additional minimum of $5 million per year for the next two years. This acquisition of Holden, a manufacturer of market-leading multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail in North America, provides Trinity a market-leading bi-level chock system. Along with Trinity’s existing tri-level chock system, this acquisition strengthens Trinity’s position as the leading manufacturer of autoracks in North America and allows the company to take advantage of an improving automobile end market. 

“This acquisition fits well into our strategy to increase exposure to less cyclical and higher margin aftermarket parts, giving us more opportunities to serve our customers and diversify our revenue stream,” said Jean Savage, Trinity’s President and Chief Executive Officer. “Furthermore, as we see automobile preference move more toward SUVs and heavier electric vehicles, securement systems will become even more critical, and we look forward to being a market-leading chock provider and continuing to provide the quality and service that Holden’s customers have come to expect.”

The acquisition closed on December 30, 2022 and is not expected to be material to Trinity’s results. Trinity will retain all of the employees of Holden as part of the transaction.

About Trinity Industries

Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity reports its financial results in two reportable segments: the Railcar Leasing and Management Services Group and the Rail Products Group. For more information, visit: www.trin.net.