RADNOR, PA & NEW YORK, NY & BOSTON, MA — Triumph Group, Inc. (NYSE: TGI), a leading aerospace and defense systems provider, will be acquired by affiliates of private equity firms Warburg Pincus and Berkshire Partners in an all-cash transaction valued at approximately $3 billion. The agreement, unanimously approved by Triumph’s Board of Directors, will take the company private.
Under the terms, Triumph shareholders will receive $26.00 per share in cash, representing a 123% premium over the company’s unaffected closing stock price and a 58% premium over its 90-day volume-weighted average price (VWAP). The deal is expected to close in the second half of 2025, pending shareholder and regulatory approvals.
Strategic Vision for Triumph
“This transaction reflects the culmination of the Board’s robust process and will deliver immediate, premium cash value to our shareholders,” said Triumph Chairman, President, and CEO Dan Crowley. “By becoming a privately held company in partnership with Warburg Pincus and Berkshire Partners, Triumph will have enhanced flexibility to meet evolving customer needs and drive opportunities for our employees.”
Warburg Pincus Managing Director Dan Zamlong added, “Triumph’s reputation for engineering excellence positions it as a leader in aerospace components. We’re excited to leverage our aerospace expertise to fuel the company’s next chapter of growth.” Likewise, Berkshire Partners Managing Director Blake Gottesman noted the firm’s commitment to advancing Triumph’s leadership in aerospace and defense markets.
Transaction Implications and Financial Outlook
Triumph, founded in 1993 and based in Radnor, Pennsylvania, offers a broad portfolio of aerospace systems and components for both original equipment manufacturers (OEMs) and aircraft operators. The acquisition is expected to help Triumph accelerate its strategic goals, enabling further investment in high-quality, mission-critical solutions for aerospace platforms.
Post-acquisition, Triumph will cease trading on the New York Stock Exchange. The company has announced its Q3 fiscal 2025 earnings will still be released by February 10, 2025, but no conference call or guidance will follow due to the pending transaction.
Looking Ahead
By combining Triumph’s robust engineering capabilities with the financial and operational support of Warburg Pincus and Berkshire Partners, the acquisition promises to position Triumph for long-term success. It also signals strong demand for innovative aerospace solutions, with all parties set to capitalize on growth opportunities across the global aviation and defense landscape.
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