A US-based aircraft parts maker, Triumph Group, is set to go private in a $3 billion deal led by investment firms Warburg Pincus and Berkshire Partners. The company’s shareholders will receive $26 per share in cash, representing a 39% premium over the stock’s closing price last fall. This move comes as part of an ongoing consolidation trend in the commercial aerospace industry, driven by increasing demand for high-quality parts from major aircraft manufacturers such as Boeing and Airbus.
Triumph has secured major customers including GE Aerospace and serves both military and commercial aircraft. The deal is not expected to be affected by recent trade tensions between the US and China, Mexico, and Canada. Triumph’s CEO, Dan Crowley, stated that being a privately held company will enhance the company’s ability to meet customer needs.
The acquisition follows a series of similar deals in the industry, including the recent buyout of Kaman Corp for $1.8 billion by private equity firm Arcline Investment Management. This deal is expected to close in the second half of 2025.
Source: https://www.reuters.com/markets/deals/warburg-berkshire-partners-near-3-bln-deal-triumph-bloomberg-news-reports-2025-02-03