TRIUMPH Goes Private in $3B Deal

Warburg Pincus and Berkshire Partners have agreed to buy TRIUMPH Group through a newly formed entity for approximately $3 billion.
Once the transaction is complete, TRIUMPH Group will become a privately held company.
The company manufactures aftermarket products for commercial and military aircraft, including engine parts and integrated systems.
Headquartered in Radnor, Pennsylvania, the company employs 4,800 employees globally and more than 500 employees in Connecticut.
It has one facility in West Hartford and another in Windsor.
Mission Critical Systems
“Over the last few years, TRIUMPH successfully optimized our portfolio, built around a world class team and capabilities,” TRIUMPH chairman, president, and chief executive officer Dan Crowley said.
“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.
“This transaction recognizes our company’s position as a valued provider of mission-critical engineered systems and proprietary components.”
TRIUMPH Group’s Dan Crowley
“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.”
TRIUMPH’s board of directors unanimously approved the definitive agreement, with the transaction expected to close in the second half of the 2025 calendar year.
Under the terms, each shareholder will receive $26 in cash per share.
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