TriMas (NASDAQ: TRS) surged 10.74% in premarket trading after announcing a definitive agreement to sell its Aerospace segment for $1.45 billion in an all-cash transaction to an affiliate of Tinicum L.P., with Blackstone funds as minority investors. The deal, valued at 18x LTM adjusted EBITDA, aligns with the company’s strategic shift to focus on its high-margin packaging platform. Management emphasized the transaction’s validation of the aerospace business’s strength and its role in unlocking shareholder value through capital reinvestment or returns. The sale, expected to close by early 2026, follows strong Q3 2025 results and reinforces TriMas’s commitment to optimizing its portfolio. The premium valuation and clarity on post-divestiture strategy drove the sharp premarket rally.
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