Monomoy Capital Partners completed the acquisition of the highway products business of Trinity Industries for $375m.

Monomoy Capital Partners, a private equity firm with over $2.7bn in committed capital, completed the acquisition of the highway products business of Trinity Industries, an American industrial corporation, for $375m. "We continue the process to optimize our business and believe that selling the highway products business will allow us to fully focus on the rail-related segments. Trinity’s long history in the North American rail industry gives me great confidence that focusing our attention and resources on this industry will allow us to meet our long-term financial and operational goals and continue to optimize our capital structure," Jean Savage, Trinity President and CEO.