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Business/Financial

Arlington Capital Partners To Acquire Triumph’s Composite Business

By Cal Biesecker

Monday, August 3rd, 2020

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Arlington Capital Partners To Acquire Triumph’s Composite Business

Triumph Group, Inc. [TGI] on Monday said it has agreed to sell its aerospace composites businesses to Arlington Capital Partners, part of the company’s ongoing efforts to divest its non-core operations and buy down debt. Terms of the deal were not disclosed. Jefferies aerospace and defense analyst Sheila Kahyaoglu estimated in a note to clients that the sale proceeds could be around $60 million. Triumph’s composite operations include 800,000 square feet of factory space in Georgia and Thailand and provide…

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