TGI - Mergers and acquisitions

BERWYN, Pa., Feb. 2, 2022 /PRNewswire/ -- Triumph Group (NYSE:TGI) announced today that it has entered into a definitive agreement to sell its Stuart, Florida Aerostructures business to Daher Aerospace. The sale includes the Stuart, Florida business and the transfer of Stuart employees. "Upon closing of the sale of the Stuart operation, Triumph will have exited its structures business and is moving forward as a leading, pure-play provider of systems and aftermarket services," said Daniel Crowley, Triumph's Chairman, President and Chief Executive Officer.  "We are excited to partner with Daher who will benefit from the Stuart site's experienced workforce, significant capabilities, and strong

Arlington Capital Partners ("Arlington"), a Washington, DC-area private equity firm, today announced it has completed the acquisition of Triumph Group, Inc.'s (NYSE:TGI) composites business. Going forward, the business will operate independently as Qarbon Aerospace (the "Company"). Qarbon Aerospace is a leading provider of large, complex structural components and assemblies such as fuselages, wings, flight control surfaces, and engine nacelles. The Company operates nearly two million square feet of factory space across three facilities located in Red Oak, Texas, Milledgeville, Georgia, and Rayong, Thailand. Qarbon Aerospace has vertically integrated manufacturing capabilities from componen