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OKEMOS, Mich., March 10, 2023 (GLOBE NEWSWIRE) — RSI Logistics, Inc. today announced that it has been acquired by Trinity Industries, Inc. (NYSE:TRN), effective March 8.th, with a purchase price of $70 million in 2023. This acquisition highlights the numerous synergies between RSI Logistics and Trinity Industries and is a strategic move for both companies. Combining RSI’s industry-leading rail technology, logistics services and bulk terminal network with Trinity’s rail vehicle manufacturing and leasing, technology and maintenance services provides a powerful solution for shippers. RSI and Trinity look forward to creating new opportunities for growth, innovation and better service to our clients.
“We are delighted to share the news of the acquisition of RSI by Trinity, a leading provider of rail-centric technology and services. “This is a great opportunity to work together to create the best-in-class services and solutions for RSI. We want to reassure our clients that Trinity is committed to upholding RSI’s successful brand and reputation.” said Bob Tuchek, president of RSI Logistics. “As part of the Trinity family, we look forward to continuing to provide the same high quality of service and support that our customers have come to expect from us. I’m looking forward to seeing what happens.”
“We are excited about the acquisition of RSI Logistics. In 2020, RSI will expand the breadth and quality of Trinity’s platform, adding logistics services, terminal operations and intermodal transportation,” said Jean Savage, President and Chief Executive Officer of Trinity. “Also, combining RSI’s expertise and reputation with his Trinsight™ innovative technology provides a unique tool that gives rail carriers greater control over their supply chains.”
About RSI Logistics: RSI Logistics, Inc. is a software, transshipment and 3PL services company with over 25 locations in over 15 states. For over 30 years, RSI Logistics, Inc. has helped shippers improve rail transportation with a variety of solutions and customized approaches. The company serves customers in all major industries that use rail freight transportation. They range from small shippers with a few railcars to large shippers moving tens of thousands of railcars per month. For more information about RSI Logistics, Inc., please visit www.rsilogicals.com.
About Trinity Industries: Headquartered in Dallas, Texas, Trinity Industries, Inc. owns operations that are the leading providers of rail transportation products and services in North America. Our business sells rail vehicle products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and retrofitting. Trinity reports financial results in his two reportable segments, the Rail Vehicle Leasing and Management Services Group and the Rail Products Group. For more information, please visit www.trin.net.
Adam Anderson
RSI Logistics Co., Ltd.
(507) 908-3657
aanderson@rsilogical.com
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