Triumph Group Agrees To Go Private In $3 Billion Acquisition Deal; Stock Jumps

Triumph Group, Inc. TGI, a supplier of aerospace services, structures, and systems, is surging in premarket on Monday.

The company has reached a definitive acquisition agreement with private equity firms Warburg Pincus and Berkshire Partners.

Valued at roughly $3 billion, the transaction will result in Triumph becoming a privately owned entity which will be jointly managed by Warburg Pincus and Berkshire Partners.

TRIUMPH  shareholders will receive $26.00 per share in cash, representing a premium of about 123% to the unaffected closing stock price of $11.65 per share as of the close on October 9, 2024, the last full trading day before media reports regarding a possible sale transaction. The deal price represents a premium of over 38% to the last closing price of $18.74 on January 31, 2025.

“Over the last few years, TRIUMPH successfully optimized our portfolio, built around a world class team and capabilities. 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,” said Chairman, President and CEO, Dan Crowley.

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“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.”

The deal is anticipated to be finalized in the latter half of 2025, pending standard closing conditions, such as approval from TRIUMPH shareholders and obtaining necessary regulatory approvals.

The Board of Directors at TRIUMPH has given unanimous approval to the agreement. The transaction does not depend on financing. Once completed, Triumph will be delisted from the NYSE.

As part of the upcoming transaction, TRIUMPH will announce its third-quarter fiscal 2025 earnings and submit its Form 10-Q by February 10, 2025, as scheduled.

Price Action: TGI shares are trading higher by 35.8% at $25.43 in premarket at the last check Monday.

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