Platinum, based in Alberta, Canada, manufactures and resells oil and gas process and storage equipment, including various types of containers, separators, and treaters used at the well-site and in midstream locations.
The company operates out of two leased facilities in Calgary and one owned facility in Redcliff, Alberta. Initial annual revenues are expected to be in the range of approximately $40m to $45m.
"We are continuing to identify acquisition candidates that align nicely with the companies within our portfolio and which provide products to the oil, gas and chemical industries," said Timothy R. Wallace, Trinity’s Chairman, CEO, and president.
"Platinum has a comprehensive product offering, experienced personnel, and they are located right in the heart of the Canadian energy industry," added Mr. Wallace.
Trinity Industries, headquartered in Dallas, Texas, is a diversified industrial company that owns market-leading businesses which provide products and services to the energy, transportation, chemical and construction sectors.
