TRIUMPH Agrees to $3 Billion Acquisition by Warburg Pincus and Berkshire Partners
Deal News | Feb 03, 2025 | Warburg Pincus
Triumph Group, Inc., a leading provider of aerospace and defense systems, has announced a definitive agreement to be acquired by affiliates of private equity firms Warburg Pincus and Berkshire Partners for an enterprise value of approximately $3 billion. The acquisition will transition Triumph into a privately held company under joint control of the two investment firms. Triumph shareholders will receive $26.00 per share, a significant premium over recent stock prices. The transaction is expected to close in the latter half of 2025, following shareholder and regulatory approvals. Key advisors include Goldman Sachs for Triumph and Lazard for the buyers. This strategic acquisition is expected to leverage Warburg Pincus' and Berkshire's experience in the aerospace sector to further Triumph's growth trajectory.
Sectors
- Aerospace & Defense
- Private Equity
Geography
- United States – The acquisition involves companies headquartered in the U.S. and impacts the U.S. aerospace and financial markets.
Industry
- Aerospace & Defense – Triumph Group operates in the aerospace and defense industry, designing and manufacturing essential components and systems.
- Private Equity – The acquisition involves private equity firms Warburg Pincus and Berkshire Partners, indicating activity in the private equity sector.
Financials
- 3 billion – Total enterprise value of the acquisition.
- 26.00 – Cash per share offered to Triumph shareholders.
- 123% – Premium over Triumph's unaffected closing stock price.
- 58% – Premium over Triumph's volume weighted average price for the 90 days prior to January 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Triumph Group, Inc. | Target Company | Company | An aerospace and defense company that designs and manufactures aircraft components and systems. |
| Warburg Pincus | Bidding Company | Company | A private equity firm known for its investments in growth-focused companies across various sectors. |
| Berkshire Partners | Bidding Company | Company | A multi-sector specialist investor with experience in aerospace industries. |
| Goldman Sachs & Co. LLC | Financial Advisor | Company | Exclusive financial advisor to Triumph Group in the acquisition deal. |
| Skadden, Arps, Slate, Meagher & Flom LLP | Legal Advisor | Company | Legal counsel for Triumph Group during the acquisition. |
| Lazard | Financial Advisor | Company | Financial advisor to Berkshire Partners and Warburg Pincus. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Legal counsel for Berkshire Partners and Warburg Pincus. |
| Dan Crowley | Chairman, President, and CEO of Triumph | Person | Leading Triumph Group during the acquisition process. |
| Dan Zamlong | Managing Director at Warburg Pincus | Person | Involved in the acquisition and future growth plans for Triumph. |
| Blake Gottesman | Managing Director at Berkshire Partners | Person | Contributing to the strategic direction of the Triumph acquisition. |