Aero Parts Maker Triumph Going Private in $3B Deal - Modern Distribution Management

Aero Parts Maker Triumph Going Private in $3B Deal

Pennsylvania-based Triumph designs, manufactures, repairs and supplies spare parts for a wide range of products.
TRIUMPH

Pennsylvania-based aerospace and defense systems parts maker TRIUMPH agreed to be acquired by affiliates of Warburg Pincus and Berkshire Partners for approximately $3 billion.

Founded in 1993, TRIUMPH designs, manufactures, repairs and supplies spare parts for a wide range of products, including actuation, fuel systems, hydraulics, geared solutions, MRO services for OEMs and carriers. The company caters to the global aviation industry, serving equipment manufacturers as well as military and commercial aircraft operators.

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector. Berkshire Partners

“We are pleased to have reached this agreement, which reflects the culmination of the Board’s robust process and will deliver immediate, certain and premium cash value to our shareholders,” TRIUMPH Chairman, President and CEO Dan Crowley said in a Feb. 3 news release. “Over the last few years, TRIUMPH successfully optimized our portfolio, built around a world class team and capabilities.

TRIUMPH shareholders will receive $26.00 per share in cash. According to the news release, this purchase price reflects a premium of around 123% above the company’s unaffected closing stock price and approximately 58% above the volume-weighted average price of TRIUMPH common stock over the 90 days leading up to Jan. 31.

MDM’s 4Q24 M&A Report (store link) Warburg-Pincus

Crowley added: “This transaction recognizes our Company’s position as a valued provider of mission-critical engineered systems and proprietary components for both OEM and aftermarket customers. As a privately held company in partnership with Berkshire Partners and Warburg Pincus, TRIUMPH will have an enhanced ability to meet our customers’ evolving needs and provide more opportunities for our valued employees.”

The transaction is expected to close in the second half of 2025 and is subject to approval by TRIUMPH shareholders.

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