M&A Deal Summary

Trinity Industries Acquires Quasar

On May 31, 2022, Trinity Industries acquired transportation company Quasar from Cando Rail & Terminals

Acquisition Highlights
  • This is Trinity Industries’ 3rd transaction in the Transportation sector.
  • This is Trinity Industries’ 2nd transaction in Canada.
  • This is Trinity Industries’ 1st transaction in Manitoba.

M&A Deal Summary
Date 2022-05-31
Target Quasar
Sector Transportation
Buyer(s) Trinity Industries
Sellers(s) Cando Rail & Terminals
Deal Type Divestiture
Advisor(s) PwC Corporate Finance LLC (Financial)

Target

Quasar

Brandon, Manitoba, Canada
Quasar is an end-to-end rail logistics software platform providing a real-time data universe to freight rail shippers and operators. Quasar is based in Brandon, Manitoba.

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Buyer(S) 1

Buyer

Trinity Industries

Dallas, Texas, United States
Category Company
Founded 1933
Sector Transportation
Employees9,480
Revenue 3.0B USD (2023)
DESCRIPTION
Entrance to Trinity Industries' corporate headquarters in Dallas, Texas.
Entrance to Trinity Industries' corporate headquarters in Dallas, Texas.

Trinity Industries is a diversified industrial company serving the energy, transportation, chemical, and construction sectors. Trinity's principal business segments include the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. Trinity Industries was founded in 1933 and is based in Dallas, Texas.

DEAL STATS #
Overall 7 of 9
Sector (Transportation) 3 of 4
Type (Divestiture) 1 of 1
State (Manitoba) 1 of 1
Country (Canada) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Valtir

Addison, Texas, United States

Valtir is a manufacturer and lessor of highway safety products, including crash cushions, end terminals, guardrails and truck-mounted attenuators. The Company supplies to contractors, distributors, government and other customers. Valtir operates 14 manufacturing and rental distribution facilities in the United States and maintains sales offices in Europe, South America and Asia. Valtir was founded in 1973 and is based in Addison, Texas.

Sell $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-06 Holden America

Montreal, Quebec, Canada

Holden America is a manufacturer of multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail in North America. Holden America is based in Montreal, Quebec.

Buy $70M

Seller(S) 1

SELLER

Cando Rail & Terminals

Brandon, Manitoba, Canada
Category Company
Founded 1978
Sector Infrastructure
DESCRIPTION

Cando Rail & Terminals Design, build, operate, finance, and maintain rail solutions. Cando Rail & Terminals provides Sophisticated tracking and analytics, inventory management, and scheduled maintenance programs. Cando Rail & Terminals was founded in 1978 and is based in Brandon, Manitoba.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Mergr

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