Akin Gump Advises Trinity Industries, Inc. in Sale of Highway Products Business
Contact:
(Dallas) - Trinity Industries, Inc. announced today that it has entered into a definitive agreement to sell its highway products business for $375 million in cash, subject to customary closing conditions and adjustments. A team from Akin Gump advised Trinity in the transaction.
Trinity’s highway products business is a leading manufacturer and global supplier of commercial highway products. Trinity is selling the business to Monomoy Capital Partners, an operationally-focused middle market private equity fund, which will provide benefit to the highway products business and its investors.
This transaction has been approved by the Board of Directors of Trinity and is subject to customary regulatory approvals. Trinity expects the transaction will close in the fourth quarter of 2021.
To learn more, click here.
Akin Gump corporate partner Thomas Yang and counsel Ashton Butcher led the team advising Trinity, which included associates Penelope Shumway, Hayden Baker, Mattison Raiford, Jeremiah Lee and Raj Patel.
Other team members included litigation partner Lizzy Scott and counsel Lauren York; intellectual property partner David Vondle; tax partner Alison Chen and senior counsel Brandon Morris; antitrust practice head Corey Roush, partner Haidee Schwartz, and counsel Scott Pettifor; environmental practice head David Quigley and senior counsel Andrew Oelz; and real estate partner John Bain and counsel Alex Agahzadeh.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.
# # #
People Mentioned in This News
