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Triumph Group Agrees To Be Taken Private In $3 Billion Deal

Cal Biesecker By
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Triumph Group Agrees To Be Taken Private In $3 Billion Deal
Military parts supplied by Triumph Group. Image: Triumph

Aerospace and defense supplier Triumph Group Inc. [TGI] on Monday said it has agreed to be acquired by the private equity firms Warburg Pincus and Berkshire Partners in a $3 billion deal to take the company private. Deal terms provide Triumph shareholders with $26 per share in cash, representing a 123 percent premium over the $11.65 per share closing price on Oct. 9, 2024, which was the last trading day before reports of a potential sale of the company. “The…

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