Trinity Highway Products obtains financing for Monomoy buyout

Trinity Highway Products LLC (THP) received loans backing an acquisition of the company by Monomoy Capital Partners. Goldman Sachs Asset Management's private credit business provided the financing, according to a statement from the companies.

Monomoy agreed to acquire the business from Trinity Industries Inc. for roughly $375 million, subject to regulatory approval. THP is the second platform investment from Monomoy's fourth private equity vehicle, Monomoy Capital Partners IV LP.

Dallas-based THP manufactures and leases highway safety products, including crash cushions, end terminals, guardrails and truck-mounted attenuators.