Trinity Industries, Inc. announced the completion of the previously announced sale of its highway products business for $375 million in cash subject to certain adjustments based on levels of cash, debt, and working capital at closing and for certain other items. The highway products business was sold to Rush Hour Intermediate II, LLC, an entity owned by an affiliated investment fund of Monomoy Capital Partners.

“I again want to thank our dedicated highway employees for their hard work at Trinity and wish them success under their new ownership,” said Jean Savage, Trinity’s Chief Executive Officer and President. “Today’s announcements reinforce our company’s stated goals of optimizing our capital structure and our business, while also creating substantial value for our shareholders.”

Trinity Industries, Inc., headquartered in Dallas, TX, owns businesses that are leading providers of rail transportation products and services in North America. Its TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications.