Warburg Pincus and Berkshire Partners Complete Acquisition of TRIUMPH

Core Viewpoint - Triumph Group, Inc. has completed its acquisition by Warburg Pincus and Berkshire Partners, transitioning to an independent privately-held company focused on aerospace systems and components [1][3]. Company Overview - Triumph Group, founded in 1993 and headquartered in Radnor, Pennsylvania, specializes in designing, developing, manufacturing, repairing, and providing spare parts for aerospace and defense systems [4]. - The company serves the global aviation industry, including original equipment manufacturers and military and commercial aircraft operators [4]. Leadership Changes - Jorge L. Valladares III has been appointed as the new CEO, succeeding Daniel J. Crowley, who held the position since 2016 [1][2]. - Valladares brings extensive leadership experience from his previous role as COO of TransDigm, a major player in the aerospace components sector [2]. Investment and Growth Potential - Warburg Pincus and Berkshire Partners are committed to supporting Triumph's growth as a leading aerospace and defense supplier [3]. - Both investment firms have a strong track record in the aerospace and defense sectors, with numerous successful investments [3][5][6]. Strategic Focus - Triumph aims to enhance its capabilities and meet the evolving needs of its customers in the aerospace and defense industries [2][3]. - The company is positioned to accelerate growth as a privately held entity, leveraging the expertise of its new investors [3].