Warburg Pincus and Berkshire Partners Complete Acquisition of TRIUMPH
Triumph Group (NYSE: TGI) has completed its previously announced acquisition by private equity firms Warburg Pincus and Berkshire Partners, transitioning from a public to a private company. As part of this transition, Jorge L. Valladares III, former COO of TransDigm, will succeed Daniel J. Crowley as CEO.
TRIUMPH will continue operating independently as a provider of mission-critical engineered systems and components for aerospace and defense companies. The acquisition leverages Warburg Pincus's $86 billion in assets under management and Berkshire Partners' expertise, with the latter currently investing from their Fund XI with approximately $7.8 billion in commitments.
Triumph Group (NYSE: TGI) ha completato l'acquisizione precedentemente annunciata da parte delle società di private equity Warburg Pincus e Berkshire Partners, passando da società pubblica a privata. In questo contesto, Jorge L. Valladares III, ex COO di TransDigm, succederà a Daniel J. Crowley come CEO.
TRIUMPH continuerà a operare in modo indipendente come fornitore di sistemi e componenti ingegnerizzati critici per le missioni, destinati alle aziende aerospaziali e della difesa. L'acquisizione sfrutta i 86 miliardi di dollari di asset gestiti da Warburg Pincus e l'esperienza di Berkshire Partners, che sta attualmente investendo dal suo Fondo XI con circa 7,8 miliardi di dollari in impegni.
Triumph Group (NYSE: TGI) ha completado su adquisición previamente anunciada por parte de las firmas de capital privado Warburg Pincus y Berkshire Partners, pasando de ser una empresa pública a una privada. Como parte de esta transición, Jorge L. Valladares III, ex COO de TransDigm, reemplazará a Daniel J. Crowley como CEO.
TRIUMPH continuará operando de manera independiente como proveedor de sistemas y componentes diseñados para misiones críticas para compañías aeroespaciales y de defensa. La adquisición aprovecha los 86 mil millones de dólares en activos bajo gestión de Warburg Pincus y la experiencia de Berkshire Partners, que actualmente está invirtiendo desde su Fondo XI con aproximadamente 7.8 mil millones de dólares en compromisos.
Triumph Group (NYSE: TGI)는 사모펀드 회사인 Warburg Pincus와 Berkshire Partners에 의해 이전에 발표된 인수를 완료하여 상장회사에서 비상장회사로 전환되었습니다. 이 전환의 일환으로, Jorge L. Valladares III 전 TransDigm COO가 Daniel J. Crowley를 이어 CEO로 취임합니다.
TRIUMPH는 항공우주 및 방위 산업을 위한 임무 핵심 엔지니어링 시스템 및 부품 공급업체로서 독립적으로 운영을 계속할 것입니다. 이번 인수는 Warburg Pincus의 860억 달러 자산 운용과 Berkshire Partners의 전문성을 활용하며, 후자는 현재 약 78억 달러의 약정금을 보유한 펀드 XI에서 투자 중입니다.
Triumph Group (NYSE : TGI) a finalisé son acquisition précédemment annoncée par les sociétés de capital-investissement Warburg Pincus et Berkshire Partners, passant d'une société cotée en bourse à une société privée. Dans le cadre de cette transition, Jorge L. Valladares III, ancien COO de TransDigm, succédera à Daniel J. Crowley en tant que PDG.
TRIUMPH continuera d'opérer de manière indépendante en tant que fournisseur de systèmes et composants conçus pour des missions critiques destinés aux entreprises aérospatiales et de défense. L'acquisition tire parti des 86 milliards de dollars d'actifs sous gestion de Warburg Pincus ainsi que de l'expertise de Berkshire Partners, qui investit actuellement depuis son Fonds XI avec environ 7,8 milliards de dollars d'engagements.
Triumph Group (NYSE: TGI) hat die zuvor angekündigte Übernahme durch die Private-Equity-Firmen Warburg Pincus und Berkshire Partners abgeschlossen und ist von einem börsennotierten zu einem privaten Unternehmen geworden. Im Zuge dieses Übergangs wird Jorge L. Valladares III, ehemaliger COO von TransDigm, Daniel J. Crowley als CEO ablösen.
TRIUMPH wird weiterhin unabhängig als Anbieter von missionskritischen, entwickelten Systemen und Komponenten für Luft- und Raumfahrt- sowie Verteidigungsunternehmen tätig sein. Die Übernahme nutzt die von Warburg Pincus verwalteten Vermögenswerte in Höhe von 86 Milliarden US-Dollar sowie die Expertise von Berkshire Partners, die derzeit aus ihrem Fund XI mit rund 7,8 Milliarden US-Dollar an Zusagen investieren.
- Transition to private ownership could provide more operational flexibility and long-term growth focus
- Strategic backing from two major PE firms with extensive aerospace & defense sector experience
- Appointment of experienced aerospace executive Jorge Valladares III as new CEO
- Continued independent operations maintaining existing customer relationships
- Loss of public market access and transparency for existing stakeholders
- Potential for increased debt load typical in PE acquisitions
- Leadership transition risks during critical ownership change
Insights
Triumph Group's private acquisition by Warburg Pincus and Berkshire Partners removes public market pressures, potentially enabling long-term strategic flexibility.
The completion of Triumph Group's acquisition by Warburg Pincus and Berkshire Partners marks a significant transition for this aerospace and defense supplier. This take-private transaction removes TGI from public markets, where it will now operate as an independent privately-held entity. The deal brings leadership changes with Jorge Valladares III, former COO of TransDigm, replacing Daniel Crowley as CEO.
This transaction follows a common pattern in aerospace and defense: private equity firms acquiring specialized suppliers to optimize operations outside public market scrutiny. Both acquirers bring significant aerospace sector experience through investments in companies like TransDigm, Consolidated Precision Products, and Wencor Group – suggesting they see untapped potential in Triumph's specialized capabilities.
For Triumph, private ownership likely means greater operational flexibility without quarterly earnings pressures. Given the acquirers' track records with similar portfolio companies, we can expect strategic focus on Triumph's high-margin engineered systems and proprietary components, particularly in aftermarket applications. The private equity sponsors will likely leverage their sector expertise to drive operational improvements and potentially position for future strategic options.
The timing aligns with aerospace supply chain consolidation trends as OEMs seek more resilient supplier networks post-pandemic. Triumph's transition to private ownership should allow it to make longer-term strategic investments and potentially pursue bolt-on acquisitions to strengthen its position as a tier-one aerospace supplier.
Privately-held company will continue as an independent leading provider of mission-critical aerospace systems and components
"I am honored to lead TRIUMPH in this next phase of growth to advance its role as a premier provider of mission-critical aerospace and defense systems and components," said Jorge L. Valladares III, CEO, TRIUMPH. "I look forward to working closely with the TRIUMPH team to further strengthen and expand our capabilities and meet the evolving needs of our customers."
Mr. Valladares joins TRIUMPH with decades of leadership experience in the aerospace industry. He most recently served as the Chief Operating Officer of TransDigm, a leading global designer, producer, and supplier of highly engineered aircraft components for commercial and military customers, a position he held until 2023.
"Companies across the aerospace industry rely on TRIUMPH for the premier design, production, and services it provides," said Dan Zamlong, Managing Director at Warburg Pincus. "We are excited to support Jorge and the TRIUMPH leadership team as they innovate to deliver world-class solutions for their customers."
"TRIUMPH is well-positioned to accelerate its growth as a privately held company, strengthening its position as a highly-valued aerospace and defense supplier," said Blake Gottesman, Managing Director at Berkshire Partners. "We look forward to partnering with Jorge, Warburg Pincus, and the impressive team at TRIUMPH in this next chapter of growth."
"I am incredibly proud of the progress that TRIUMPH has made in the past decade and the impact it has had on the industry," said Dan Crowley. "Berkshire Partners and Warburg Pincus have strong track records as experienced investors in the sector, generating growth and long-term value creation, and will be great partners to the TRIUMPH team. I am confident that Jorge's deep industry experience and proven track record of leading and growing similar businesses will benefit all TRIUMPH stakeholders."
Warburg Pincus and Berkshire Partners are active investors in the aerospace & defense and industrial sectors. Warburg Pincus' current and former investments in these sectors include Accelya, Aquila Air Capital, CAMP Systems, Consolidated Precision Products, Duravant, Extant Aerospace, Infinite Electronics, Inmarsat, iNRCORE, Quest Global, Sundyne, TransDigm and Wencor Group. Berkshire Partners' current and former investments in these sectors include Advanced Drainage Systems, Amsafe, Consolidated Precision Products, Harvey Performance Company, Hexcel, Husky, Parts Town, SRS Distribution, and TransDigm.
About TRIUMPH
Founded in 1993 and headquartered in
More information about TRIUMPH can be found on the Company's website at www.triumphgroup.com.
About Berkshire Partners
Berkshire Partners is a
About Warburg Pincus
Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than
The firm is headquartered in
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SOURCE Triumph Group
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