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Rail News: M&A
On Tuesday, investment bank Challenger Capital Group Ltd. announced Trinity Industries Inc. completed the sale of Trinity Fittings Group (TFG) to a new company controlled by the group’s management team and private investment firm Levine Leichtman Capital Partners Inc.
To be renamed Hackney Ladish Inc., TFG will continue to operate facilities in Russellville, Ark., and Enid, Okla., under current management.
“This transaction highlights the strength of the current M & A environment,” said Challenger Capital Group Director Travis Armayor in a prepared statement.
Trinity Industries operates rail, rail-car leasing and management services, inland barge, construction products and energy equipment groups.
6/15/2006
Rail News: M&A
Trinity completes sale of fittings group
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On Tuesday, investment bank Challenger Capital Group Ltd. announced Trinity Industries Inc. completed the sale of Trinity Fittings Group (TFG) to a new company controlled by the group’s management team and private investment firm Levine Leichtman Capital Partners Inc.
To be renamed Hackney Ladish Inc., TFG will continue to operate facilities in Russellville, Ark., and Enid, Okla., under current management.
“This transaction highlights the strength of the current M & A environment,” said Challenger Capital Group Director Travis Armayor in a prepared statement.
Trinity Industries operates rail, rail-car leasing and management services, inland barge, construction products and energy equipment groups.
