By Colin Kellaher
Triumph Group has agreed to be acquired by private-equity firms Warburg Pincus and Berkshire Partners for about $2 billion in cash.
Triumph on Monday said its shareholders will receive $26 a share in cash, a 39% premium to Friday's closing price of $18.74 for the Radnor, Pa., maker of aircraft spare parts.
The purchase price is more than double Triumph's closing price of $11.65 on Oct. 9, 2024, before published reports said the company was exploring strategic options, including a potential sale.
Triumph shares were recently up nearly 37% to $25.59 in premarket trading.
Triumph said the deal, slated to close in the second half of 2025, carries a total enterprise value of about $3 billion.
Boston-based Berkshire Partners, which invests in midmarket companies valued between $200 million and $2 billion, is currently investing from its 11th flagship fund, which closed last late year with roughly $7.8 billion in commitments.
New York buyout firm Warburg Pincus, with more than $86 billion in assets under management, has a diverse active portfolio of more than 230 companies.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 03, 2025 06:01 ET (11:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.