Triumph Group has been officially acquired by private equity firms Warburg Pincus and Berkshire Partners in a deal valued at approximately $3 billion, making it an independent, privately held company.
Jorge L. Valladares III assumes the role of Chief Executive Officer, succeeding Daniel J. Crowley. Valladares brings extensive aerospace experience, having previously served as COO of TransDigm.
Triumph will continue to provide mission-critical engineered systems and components for the aerospace and defense sectors, serving both OEM and aftermarket needs. Warburg Pincus and Berkshire Partners are excited to collaborate with Valladares in driving Triumph’s growth.
KEY QUOTES:
“I am honored to lead TRIUMPH in this next phase of growth to advance its role as a premier provider of mission-critical aerospace and defense systems and components. I look forward to working closely with the TRIUMPH team to further strengthen and expand our capabilities and meet the evolving needs of our customers.”
Jorge L. Valladares III, CEO, TRIUMPH
“Companies across the aerospace industry rely on TRIUMPH for the premier design, production, and services it provides. We are excited to support Jorge and the TRIUMPH leadership team as they innovate to deliver world-class solutions for their customers.”
Dan Zamlong, Managing Director at Warburg Pincus
“TRIUMPH is well-positioned to accelerate its growth as a privately held company, strengthening its position as a highly-valued aerospace and defense supplier. We look forward to partnering with Jorge, Warburg Pincus, and the impressive team at TRIUMPH in this next chapter of growth.”
Blake Gottesman, Managing Director at Berkshire Partners
“I am incredibly proud of the progress that TRIUMPH has made in the past decade and the impact it has had on the industry. Berkshire Partners and Warburg Pincus have strong track records as experienced investors in the sector, generating growth and long-term value creation, and will be great partners to the TRIUMPH team. I am confident that Jorge’s deep industry experience and proven track record of leading and growing similar businesses will benefit all TRIUMPH stakeholders.”
Dan Crowley
