PennAero Acquires TriMas Aerospace from TriMas

Warburg Pincus and Berkshire Partners Acquire TRIUMPH for $3 Billion

February 3, 2025

Aerospace & Defense

Affiliates of private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, Inc. in an all-cash transaction valuing the company at approximately $3.0 billion ($26.00 per share). The deal was announced in February 2025, will take TRIUMPH private upon closing (expected in H2 2025) and closed in July 2025, with Jorge L. Valladares III named CEO as the company transitions to private ownership to accelerate growth and expand capabilities in aerospace and defense.

TRM Equity Acquires Assets of Gamma Aerospace, LLC

March 2, 2023

Aerospace & Defense

TRM Equity II acquired substantially all of the assets of Gamma Aerospace, LLC on March 2, 2023. Gamma Aerospace, a Mansfield, Texas-based manufacturer of multi-contoured formed and multi-axis machined aerospace components with three production facilities and over 200 employees, will be operated by TRM with a focus on operational improvement and stabilizing performance amid post-COVID supply and labor challenges.

TriMas Acquires Weldmac Manufacturing Company

February 23, 2023

Manufacturing

TriMas Corporation signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company, a family estate‑owned designer and manufacturer of high‑performance metal fabricated components for aerospace, defense, space launch and commercial power markets. The deal (expected to close in the coming months) will fold Weldmac into TriMas Aerospace to expand TriMas’s engineered structural solutions and manufacturing capabilities.

Aero 3, Inc. (AeroRepair) Acquires Aircrafters, Inc.

October 4, 2022

Aerospace & Defense

Aero 3, Inc., the parent of AeroRepair and a portfolio company of GenNx360 Capital Partners, has acquired Aircrafters, Inc., a New Castle, Delaware–based distributor of aircraft wheel and brake parts and provider of exchange asset pools. The acquisition expands Aero 3's parts distribution capabilities and North American logistics footprint while keeping Aircrafters' management in place.

TriMas Acquires Omega Plastics and TFI Aerospace

December 13, 2021

Manufacturing

TriMas (NASDAQ: TRS) announced bolt-on acquisitions of Omega Plastics (added to TriMas Packaging) and TFI Aerospace (added to TriMas Aerospace). Omega, a Clinton Township, Michigan injection-molding and tooling company serving medical and industrial markets, generated about $18M of revenue in 2021; TFI, near Toronto, is a specialty aerospace fastener supplier with about $6M of revenue. TriMas said both targets are private, family-owned companies and expects the deals to expand product offerings and manufacturing capacity while keeping net leverage below 2.0x.

TriMas Corporation Acquires RSA Engineered Products

March 10, 2020

Aerospace & Defense

TriMas Corporation agreed to acquire RSA Engineered Products, a Simi Valley-based manufacturer of highly engineered air ducting, connectors and related components for aerospace and defense applications. The deal, announced January 30, 2020 and closed March 2, 2020, brings RSA into TriMas' Aerospace segment and expands TriMas' capabilities and position in defense, business jet and aftermarket markets.