NEW YORK/BOSTON: Aerospace and defense supplier TRIUMPH Group, Inc. has entered a new era, officially shifting to private ownership after its $3 billion acquisition by private equity firms Warburg Pincus and Berkshire Partners. The deal, finalized in late July, marks the end of TRIUMPH’s long-standing public listing on the New York Stock Exchange and sets the stage for a fresh phase of growth, leadership, and strategic focus as an independent company.
Under the terms of the deal, TRIUMPH shareholders received $26.00 per share in cash—a premium of 123% on the company’s pre-announcement stock price and 58% above its trailing 90-day average, signaling the financial confidence both private equity players have in the firm’s future. Warburg Pincus and Berkshire Partners will now jointly oversee TRIUMPH as a privately held entity.
Outgoing CEO Daniel J. Crowley, who steered TRIUMPH through a decade of transformation, called the transition a pivotal moment, “Over the last few years, TRIUMPH successfully optimized our portfolio, built around a world-class team and capabilities. This transaction recognizes our company’s position as a valued provider of mission-critical engineered systems and proprietary components for both OEM and aftermarket customers.”
New Leadership: Jorge L. Valladares III Takes the Helm
Central to TRIUMPH’s evolution is the appointment of Jorge L. Valladares III as Chief Executive Officer. Valladares, recognized for his deep expertise in aerospace operations, previously served as Chief Operating Officer at TransDigm, a leading global supplier of engineered aircraft components. Colleagues and stakeholders view his appointment as a strategic move to reinforce TRIUMPH’s operational rigor and customer focus.
“I am honored to lead TRIUMPH in this next phase of growth,” Valladares said. “Our eyes are set on expanding our capabilities as a premier provider for vital aerospace and defense systems. The TRIUMPH team is energized to meet the evolving needs of our customers in both the OEM and aftermarket sectors.”
Private Equity Powerhouses Chart a New Course
Warburg Pincus and Berkshire Partners bring significant sector experience and capital resources to TRIUMPH. Collectively, the firms have stakes in numerous aerospace and defense companies, leveraging decades of expertise in operational expansion, supply chain management, and innovation.
Warburg Pincus, a global private equity leader managing more than $86 billion in assets, has invested in brands like TransDigm, Inmarsat, and Wencor Group.
With a 100% employee-owned structure and a diversified portfolio, Berkshire is investing from its $7.8 billion Fund XI. Its record includes partnerships with Amsafe, Hexcel, and Husky, demonstrating successful aerospace investments.
Dan Zamlong, Managing Director at Warburg Pincus, underscored the opportunity, “We are excited about partnering with TRIUMPH in this next chapter of growth… Companies across the aerospace industry rely on TRIUMPH for its premier design, production, and services.”
Blake Gottesman, Managing Director of Berkshire Partners, added, “TRIUMPH is poised for rapid growth as a privately held company, solidifying its reputation as a valued aerospace and defense supplier. We look forward to unlocking the company’s full potential in this next phase.”
Founded in 1993 and headquartered in Radnor, Pennsylvania, TRIUMPH Group serves a global client base—including both OEMs and leading military/commercial operators—with design, manufacturing, repair, and spare parts across a wide range of aerospace and defense platforms.
As the company steps firmly into private ownership, its leadership—supported by two of the world’s most respected private equity firms—aims to accelerate innovations and continue its pivotal support for aviation and defense sectors worldwide. Valladares and the new ownership group are expected to emphasize operational excellence, customer focus, and expansion, building on the legacy established during Crowley’s tenure.
With the acquisition complete and a new CEO at the controls, all signs indicate that TRIUMPH is prepared to scale new heights as an agile, independent force in the aerospace industry.
