On the Record · Trinity Industries

Trinity Industries acquisitions, on the record

The businesses Trinity Industries bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
highway products business Word for word“Although the Company has completed the sale of its highway products business, it has retained responsibility for certain existing litigation and claims and for certain potential future claims related to the ET-Plus® System, a highway guardrail end-terminal system.” 10-K for 2024	agreed divestiture	—	—
Holden America Word for word“In December 2022, we acquired Holden America, a manufacturer of market-leading multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail in North America.” 10-K for 2024	acquisition	In December 2022	—
RSI Logistics Word for word“In March 2023, we acquired RSI Logistics, a data-centric provider of proprietary software and logistics and terminal management solutions to the North American rail industry.” 10-K for 2024	acquisition	In March 2023	—
a company that is a provider of proprietary software and logistics and terminal management solutions Word for word“During the year ended December 31, 2023, we acquired a company that is a provider of proprietary software and logistics and terminal management solutions for net cash of $62.6 million.” 10-K for 2024	acquisition	During the year ended December 31, 2023	net cash of $62.6 million
Triumph Rail LLC Word for word“As Triumph did not represent a business, the divestiture was accounted for in accordance with ASC 610-20 and resulted in the recognition of a non-cash pre-tax gain of $ 194.2 million during the year ended December 31, 2025.” 10-K for 2025	divestiture	during the year ended December 31, 2025	—
Napier Park's noncontrolling interest in RIV 2013 Word for word“Our acquisition of Napier Park’s 69.45 % membership interest in RIV 2013 was accounted for as an equity transaction in accordance with ASC 810, Consolidation , as it represented an increase in our ownership of a consolidated subsidiary while retaining control .” 10-K for 2025	acquisition	—	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$0	—	$0
2017-12-31	$47.5 million	—	$25 million
2018-12-31	$0	—	—
2019-12-31	$0	—	—
2020-12-31	$0	—	—
2021-12-31	$16.6 million	$375 million	$7 million
2022-12-31	$80.4 million	—	$5.3 million
2023-12-31	$62.2 million	—	$26.8 million
2024-12-31	$0	—	—
2025-12-31	$0	—	—

Deal filings since 2016

2026-10-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-06-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-04-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-01-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-03-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-09-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-04-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-01-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-01-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-11-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-05-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-05-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-10-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-04-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-04-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-06-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Trinity Industries’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.