M&A Deal Summary

Gulfstream Aerospace Acquires Triumph Group - G650/700 Assets

On August 4, 2020, Gulfstream Aerospace acquired aerospace company Triumph Group - G650/700 Assets from Triumph Group

Acquisition Highlights
  • This is Gulfstream Aerospace’s 1st transaction in the Aerospace sector.
  • This is Gulfstream Aerospace’s 1st transaction in the United States.
  • This is Gulfstream Aerospace’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2020-08-04
Target Triumph Group - G650/700 Assets
Sector Aerospace
Buyer(s) Gulfstream Aerospace
Sellers(s) Triumph Group
Deal Type Divestiture

Target

Triumph Group - G650/700 Assets

Tulsa, Oklahoma, United States
Triumph Group's G650/700 Assets include supply chain management, engineering services, and related tooling, inventory, facilities, personnel, and warranty obligations of G650 program. Its non-core structures manufacturing the G650 wing production lines are based in Tulsa, Oklahoma, and Nashville, Tennessee.

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Buyer(S) 1

Buyer

Gulfstream Aerospace

Savannah, Georgia, United States

Category Company
Founded 1958
Sector Aerospace
Employees11,500
DESCRIPTION
Entrance to Gulfstream's headquarters in Savannah, Georgia.
Entrance to Gulfstream's headquarters in Savannah, Georgia.

Gulfstream Aerospace is a manufacturer of business?jet aircraft, offering a wide range of long? and ultra?long?range jets for corporate, government, and private use. The company handles everything from design and manufacturing to global support and maintenance services, acting as a one?stop partner for high?performance aviation needs. Its product line includes advanced models such as the G500, G600, G700, and G800, supported by an international network of service centers and a global customer?support portal. Gulfstream Aerospace was formed in 1958 and is based in Savannah, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 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 STATS #
Overall 9 of 11
Sector: Aerospace M&A 8 of 10
Type: Divestiture M&A Deals 9 of 11
State: Oklahoma M&A 1 of 1
Country: United States M&A 9 of 11
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Qarbon Aerospace

Red Oak, Texas, United States

Qarbon Aerospace is a 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 component fabrication through the large-scale assembly as well as proprietary thermoplastics technologies. The Company has longstanding relationships with blue-chip OEM customers and a diversified product portfolio across a variety of successful commercial, defense, and business jet platforms. Qarbon Aerospace is based in Red Oak, Texas.

Sell -
FOLLOWING 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 -