PennAero Acquires TriMas Aerospace, Enhancing Capabilities and Portfolio

Tinicum has acquired TriMas Aerospace, merging it with PennAero, a portfolio company. Funds managed by Blackstone will be a minority investor. The acquisition expands PennAero's capabilities and product portfolio, aligning with its strategy of providing a superior value proposition to its global customer base. The deal reinforces PennAero's position as a leading independent supplier of highly engineered aerospace components.