PennAero announced it has completed the acquisition of the aerospace assets of TriMas Corporation, combining two established manufacturers to create a larger independent supplier serving the global aerospace, defense, space, and advanced energy markets.
The combined company is positioned as one of the aerospace industry’s leading independent manufacturers of highly engineered fasteners, precision components, and complex assemblies. The transaction significantly broadens PennAero’s product portfolio and engineering capabilities while maintaining continuity for existing customers.
The integration brings together multiple TriMas Aerospace businesses, including Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, TFI Aerospace, Martinic Engineering, RSA Engineered Products, Weldmac Manufacturing Company, and TAG (formerly TriMas Aerospace Germany). These brands contribute to longstanding customer relationships and technical expertise across major commercial and defense programs.
PennAero said the acquisition enhances its ability to serve customers seeking an alternative to large industry consolidators by offering expanded scale, resources, and capabilities. The company manufactures externally threaded structural fasteners, gears, latches, manifolds, and precision components for major OEMs such as Boeing and Airbus, as well as components for semiconductor and space applications. Its operations span North America, Europe, and Asia.
The company is backed by Tinicum, L.P. and funds managed by Blackstone, both of which support its long-term growth strategy in specialized aerospace manufacturing.
KEY QUOTES
“This marks an important milestone for PennAero. We believe the combined strengths of our teams, technologies, and customer relationships position us exceptionally well for long-term growth. We will continue to invest in the capabilities to support the critical applications our customers rely on.”
Ryan Kinslow, CEO of PennAero
“We are excited to partner with PennAero as we begin this next phase of our growth journey. We have made substantial progress over the past three years and look forward to building on that foundation together.”
Vitaliy Rusakov, CEO of TriMas Aerospace
“PennAero was built around a straightforward idea: that customers in critical industries deserve a capable, committed, independent manufacturing partner. The combination of these two businesses builds on that promise and is a testament to the strength of our organization.”
Roddy Cruz, Partner at Tinicum
