TriMas to Sell Aerospace Segment for $1.45 Billion

Core Viewpoint - TriMas has agreed to sell its aerospace business for $1.45 billion to an affiliate of private investment firm Tinicum, with funds managed by Blackstone participating as a minority investor in the transaction [1] Company Summary - The aerospace business of TriMas is being sold for a total consideration of $1.45 billion [1] - The transaction involves an affiliate of Tinicum, a private investment firm [1] - Blackstone will act as a minority investor in this deal [1] Industry Summary - The sale reflects ongoing consolidation trends within the aerospace sector, as private equity firms seek to invest in established businesses [1] - The involvement of a major investment firm like Blackstone indicates strong interest in aerospace assets [1]