On January 6, 2023, Trinity Industries, Inc. announced its acquisition of Holden America for a starting purchase price of $70 million, supplemented by a minimum of $5 million annually over the subsequent two years. Holden, recognized for its market-leading vehicle securement and protection systems for freight rail in North America, fortifies Trinity's standing in the autorack manufacturing domain with its bi-level chock system. Coupled with Trinity's tri-level chock system, this procurement enables Trinity to tap into the burgeoning automobile end market. Trinity's CEO, Jean Savage, emphasized the acquisition's alignment with the company's strategy to boost its foothold in higher margin aftermarket parts. She also highlighted the rising inclination towards SUVs and weighty electric vehicles, emphasizing the enhanced necessity for securement systems. The acquisition, which was finalized on December 30, 2022, will not significantly impact Trinity's financial outcomes. All Holden employees will join the Trinity team as part of the agreement. No specific legal advisors were mentioned in the provided text.