PennAero and Tinicum Announce Acquisition of TriMas Aerospace

Core Viewpoint - Tinicum, L.P. has announced the acquisition of aerospace assets from TriMas Corporation, merging TriMas Aerospace with its portfolio company PennAero, with Blackstone funds participating as a minority investor in the transaction [1] Group 1: Transaction Details - The agreement involves the acquisition of aerospace assets from TriMas Corporation [1] - TriMas Aerospace will be merged with PennAero, which is part of Tinicum's portfolio [1] - Blackstone-managed funds will act as a minority investor in this transaction [1] Group 2: Strategic Implications - This investment supports PennAero's strategy of collaborating with customers to deliver top-tier engineering solutions [1]