Divestiture • Aerospace

AAR Acquires Triumph Group - Product Support business

On December 21, 2023, AAR acquired aerospace company Triumph Group - Product Support business from Triumph Group for 725M USD

Acquisition Context
  • This is AAR’s 6th transaction in the Aerospace sector.
  • This is AAR’s largest (disclosed) transaction.
  • This is AAR’s 8th transaction in the United States.
  • This is AAR’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date December 21, 2023
Target Triumph Group - Product Support business
Sector Aerospace
Buyer(s) AAR
Sellers(s) Triumph Group
Deal Type Divestiture
Deal Value 725M USD

Target Company

Triumph Group - Product Support business

Pennsylvania, United States
Triumph Group's Product Support business is a global provider of specialized maintenance, repair, and overhaul capabilities for critical aircraft components in the commercial and defense markets.
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Buyer Overview 1

Buyer

AAR

Wood Dale, Illinois, United States

Category Company
Founded 1951
Sector Aerospace
Employees5,700
Revenue 2.3B USD (2024)
DESCRIPTION
Entrance to AAR's corporate headquarters in Wood Dale, Illinois.
Entrance to AAR's corporate headquarters in Wood Dale, Illinois.

AAR is a provider of aerospace products and services to commercial airlines, government agencies, and original equipment manufacturers. AAR was founded in 1951 and is based in Wood Dale, Illinois.


Deal Context for Buyer #
Overall 10 of 13
Sector: Aerospace 6 of 8
Type: Divestiture 4 of 6
State: Pennsylvania 1 of 1
Country: United States 8 of 11
Year: 2023 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Aeromatrix Composites

Clearwater, Florida, United States

Aeromatrix Composites is an aerospace & defense composites supplier with capabilities to support complex customer requirements throughout all phases of design, engineering, manufacturing and aftermarket support. Aeromatrix Composites is based in Clearwater, Flordia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-20 AAR - Landing Gear Overhaul Business

Miami, Florida, United States

AAR's Landing Gear Overhaul Business provides full-service landing gear maintenance, repair, and overhaul services to commercial and government customers. AAR's Landing Gear Overhaul Business is based in Miami, Florida.

Sell $51M

Seller Profile 1

SELLER

Triumph Group

Radnor, Pennsylvania, United States

Category Company
Founded 1993
Sector Aerospace
Employees4,530
Revenue 1.2B USD (2024)
DESCRIPTION

Triumph Group is an entity which designs, engineers, manufactures, overhauls, and repairs aircraft components, including mechanical controls, avionics, instrumentation, engine accessories, and auxiliary power units. Triumph Group was founded in 1993 and is besed in Radnor, Pennsylvania.


Deal Context for Seller #
Overall 11 of 11
Sector: Aerospace 10 of 10
Type: Divestiture 11 of 11
State: Pennsylvania 3 of 3
Country: United States 11 of 11
Year: 2023 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Triumph Group - Stuart Aerostructures Business

Stuart, Florida, United States

Triumph Group's Stuart Aerostructures Business specializes in the assembly of large, complex metallic structures such as wing and fuselage assemblies. Since 2016, Triumph divested 16 non-core businesses, including the Stuart business addressed in today's announcement, as part of its transformation efforts to enhance shareholder value and position the company for long-term success.

Sell -