Triumph Group to be Acquired by Warburg Pincus and Berkshire Partners for $3 Billion

Triumph Group, Inc. (TGI) entered a merger agreement on February 3, 2025, to be acquired by affiliates of private equity firms Warburg Pincus and Berkshire Partners, for about $3 billion, including debt.

Deal Structure:

Under the terms of the agreement, Triumph shareholders will receive $26.00 per share in cash, representing a premium of 38.74% from the stock’s last close.

Company Profile:

Triumph is an aerospace and defense company that designs, manufactures, repairs, and supplies systems and components for commercial, regional, and military aircraft worldwide.

Warburg Pincus is a global private equity firm specializing in growth investing, managing over $86 billion in assets across diverse sectors and geographies, with a strong presence in aerospace, defense, and industrial technology.

Berkshire Partners is a Boston-based private equity firm that invests in growing companies across sectors such as business and consumer services, healthcare, industrials, and technology and communications. Founded in 1986, the firm has made over 150 private equity investments and is currently investing from its Fund XI, which closed in 2024 with approximately $7.8 billion in commitments.

Deal Details and Timeline:

Through the deal, expected to close in the second half of 2025, Triumph will become a private company.

In the merger, Goldman Sachs served as financial advisor to Triumph Group, Inc., with Skadden, Arps, Slate, Meagher & Flom providing legal counsel. On the other side, Lazard acted as financial advisor, while Kirkland & Ellis and Covington & Burling provided legal counsel to Warburg Pincus and Berkshire Partners.

The acquirers, Warburg Pincus and Berkshire Partners are paying 1.60 times the sales of Triumph.

Deal Metrics:

For a more comprehensive analysis of this M&A transaction, please refer to the Deal Metrics page:

Deal Metrics for the acquisition of Triumph Group, Inc. (TGI) by Warburg Pincus and Berkshire Partners

The Deal Metrics page provides a wealth of information about each merger or acquisition, including:

• A detailed spread history chart tracing the merger from announcement to completion or failure.
• Record every event as the merger progresses, including HSR period expiry, regulatory approvals, shareholder votes, and more.
• News and SEC filings pertaining to the deal.
• A historical record of deal updates.
• And much more.

Disclaimer: This article is for informational purposes only. Please conduct your own thorough research before making any investment decisions. We do not guarantee the completeness or accuracy of the data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article