Arlington Capital Partners to Acquire Triumph Group’s Fabrications Business

Washington, D.C.-based private equity firm Arlington Capital Partners has agreed to acquire the fabrications business of Triumph Group (NYSE: TGI) for an undisclosed sum.

Triumph Fabrications is composed of four independent firms with operations in San Diego; Phoenix; Shelbyville, Ind.; Hot Springs, Ark.; and Fort Worth, Texas, Triumph Group said Monday.

The companies under Triumph Fabrications, which recorded approximately $150M in combined revenue during the fiscal year ended March 31, 2018, supports the aerospace industry by delivering assemblies and sheet metal components for rotorcraft and fixed-wing platforms.

Arlington Capital and Triumph expect to close the transaction in the next few months, subject to customary closing conditions.

Dan Crowley, president and CEO of Triumph Group, said the divestiture is part of the company’s transformation plan to streamline portfolio, create shareholder value and focus on growth areas such as aftermarket and integrated systems businesses.

Lazard served as Triumph’s exclusive financial adviser in the deal.

Check Also

KBR

KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.

DLA

DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.