Triumph’s Deeside site part of $3bn private equity takeover

US-based Triumph Group, which operates a site in Deeside, has announced it will be acquired by affiliates of private equity firms Warburg Pincus and Berkshire Partners in a $3 billion deal.

The agreement will see Triumph become a privately held company, jointly controlled by the two firms.

Shareholders will receive $26 per share in cash, representing a 123% premium on the company’s unaffected stock price and a 58% premium on its 90-day volume-weighted average price before 31 January 2025.

Dan Crowley, Triumph’s chairman, president, and CEO, said: “We are pleased to have reached this agreement, which reflects the culmination of the Board’s robust process and will deliver immediate, certain and premium cash value to our shareholders.

“As a privately held company in partnership with Berkshire Partners and Warburg Pincus, Triumph will have an enhanced ability to meet our customers’ evolving needs and provide more opportunities for our valued employees.”

Warburg Pincus and Berkshire Partners both highlighted Triumph’s reputation for highly engineered aerospace components and systems.

Dan Zamlong, Managing Director at Warburg Pincus, said: “With our deep experience investing in and developing aerospace platforms, we look forward to working with Triumph’s talented global team to increase opportunities for its portfolio.”

The transaction is expected to close in the second half of 2025, subject to regulatory approvals and shareholder consent.

Once finalised, Triumph will no longer be listed on the New York Stock Exchange.

Triumph’s Deeside facility, Triumph Actuation Products & Services, specialises in landing gear and hydraulic systems, along with engineering, design, and maintenance.