Monomoy Capital Partners, a private investment firm focused on operational value creation, has acquired Trinity Highway Products from Trinity Industries, Inc (NYSE:TRN).
Trinity Highway Products is a manufacturer and lessor of highway safety products like crash cushions, end terminals, guardrails, and attenuators. The firm operates 14 manufacturing and distribution facilities and maintains sales offices around the world.
“As we embark on a new chapter with the support of Monomoy, I am confident that we will continue to manufacture high-quality products that support our customers and realize significant growth opportunities for the business going forward,” said Nick Verska, president at Trinity.
“THP’s long-standing customer relationships, product innovation and scale should position the Company to benefit from long-term infrastructure spending,” added Mel Bartoul, Monomoy director.
Carolyn Vardi of Ropes & Gray LLP provided legal counsel to Monomoy on the acquisition. The Private Credit business within Goldman Sachs Asset Management provided financing for the transaction. J.P. Morgan Securities LLC served as financial advisor and Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Trinity Industries, Inc.