Triumph Group, Inc. (TGI), Monday announced that the company will be acquired by affiliates of Warburg Pincus and Berkshire Partners in an all-cash transaction, valuing the company at $26 per cash or around $3 billion.
Upon completion of the deal, Triumph will serve as a privately held company, jointly controlled by the two equity firms.
The transaction is set to close in the second half of the calendar year 2025.
The acquisition is expected to boost Triumph's portfolio, and meet the growing demand for high-quality aerospace components.
In the pre-market hours, Triumph is climbing 34.69 percent, to $25.24 on the New York Stock Exchange.
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