Warburg Pincus and Berkshire Partners Acquire Triumph Group Inc in $3 Billion Deal, Appoint Jorge L. Valladares III as CEO

Triumph Group Inc has been acquired by Warburg Pincus and Berkshire Partners for approximately $3 billion, transitioning it into a privately-held company. Jorge L. Valladares III has been appointed as the new CEO, succeeding Daniel J. Crowley. The acquisition provides Triumph with strong financial backing and strategic support, and Valladares III brings extensive leadership experience in the aerospace industry. The transition to a privately-held company allows for more agile decision-making and potential for accelerated growth. However, there may be uncertainties among stakeholders regarding the new leadership and its strategic direction.

Triumph Group Inc. (NYSE: TGI) has been acquired by private equity firms Warburg Pincus and Berkshire Partners for approximately $3 billion, transitioning the company into a privately-held entity. The acquisition was finalized on July 24, 2025, following the unanimous approval of Triumph's shareholders and regulatory authorities.

Under the terms of the agreement, Triumph Group shareholders will receive $26.00 per share in cash. Upon completion of the transaction, Triumph Group will become an independent, privately-held company, jointly controlled by Warburg Pincus and Berkshire Partners. The merger agreement also contains a reverse termination fee where the acquirers will be required to pay a fee of $135 million in case of termination [1].

Jorge L. Valladares III has been appointed as the new CEO, succeeding Daniel J. Crowley. Valladares brings extensive leadership experience in the aerospace industry, having previously served as the Chief Operating Officer of TransDigm until 2023. This transition marks a significant leadership change and is expected to bring new strategic direction to the company [2].

The acquisition provides Triumph Group with strong financial backing and strategic support from Warburg Pincus and Berkshire Partners. Warburg Pincus currently manages more than $86 billion in assets with over 230 companies in its portfolio, while Berkshire Partners is investing from its Fund XI, which closed in 2024 with approximately $7.8 billion in commitments [3].

The transition to a privately-held company allows Triumph Group to operate with greater agility and potentially accelerate growth. However, stakeholders may face uncertainties regarding the new leadership and its strategic direction. The private equity firms are expected to leverage their expertise in the aerospace sector to drive operational improvements and explore potential strategic options for the company.

The acquisition follows a common pattern in the aerospace and defense industry, where private equity firms acquire specialized suppliers to optimize operations outside public market scrutiny. This trend aligns with broader consolidation trends in the aerospace supply chain, as original equipment manufacturers seek more resilient supplier networks post-pandemic [3].

References:
[1] https://www.marketscreener.com/news/warburg-pincus-llc-and-berkshire-partners-llc-completed-the-acquisition-of-triumph-group-inc--ce7c5fdada80f023
[2] https://www.investing.com/news/company-news/warburg-pincus-and-berkshire-partners-complete-acquisition-of-triumph-93CH-4152397
[3] https://www.stocktitan.net/news/TGI/warburg-pincus-and-berkshire-partners-complete-acquisition-of-73fxkcw9dh8v.html