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RADNOR/NEW YORK/BOSTON - Triumph Group, Inc. (NYSE:TGI) has completed its transition to a privately-held company following its acquisition by private equity firms Warburg Pincus and Berkshire Partners, according to a press release statement issued Thursday. The acquisition comes after Triumph demonstrated strong market performance, with InvestingPro data showing a nearly 59% return over the past year and a market capitalization of $2.02 billion.
With the transaction’s completion, Jorge L. Valladares III will succeed Daniel J. Crowley as Chief Executive Officer. Valladares previously served as Chief Operating Officer of TransDigm until 2023.
Triumph will continue operating as an independent provider of engineered systems and components for aerospace and defense companies across both original equipment manufacturer and aftermarket applications.
"I am honored to lead TRIUMPH in this next phase of growth to advance its role as a premier provider of mission-critical aerospace and defense systems and components," said Valladares.
The company, headquartered in Radnor, Pennsylvania, designs, manufactures, repairs and provides spare parts for aerospace and defense systems. Founded in 1993, Triumph serves global aviation industry customers including original equipment manufacturers and military and commercial aircraft operators.
Warburg Pincus and Berkshire Partners are established investors in the aerospace, defense and industrial sectors. Warburg Pincus currently manages more than $86 billion in assets with over 230 companies in its portfolio. Berkshire Partners is investing from its Fund XI, which closed in 2024 with approximately $7.8 billion in commitments.
The acquisition was previously announced, though the financial terms of the transaction were not disclosed in the statement.
In other recent news, Triumph Group Inc. reported strong fourth-quarter results, exceeding market expectations. The company posted adjusted earnings of $0.48 per share, surpassing analyst projections of $0.35 per share. Revenue for the quarter increased by 5% year-over-year, reaching $377.9 million, which also beat the anticipated $336.76 million. This performance was driven by robust demand in both commercial and military aerospace markets. Additionally, Triumph Group has amended its $75 million receivables securitization facility. The administration of this facility has been transferred from PNC Bank, National Association to MUFG Bank, Ltd. The amendments also include updates to benchmark transition provisions and changes related to the acquisition of Triumph Group by affiliates of Warburg Pincus LLC and Berkshire Partners LLC. These recent developments highlight significant financial and operational activities within the company.
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