M&A Deal Summary

The Gores Group Acquires TurbineAero

On February 9, 2017, private equity firm The Gores Group acquired aerospace company TurbineAero from Triumph Group

Acquisition Highlights
  • This is The Gores Group’s 1st transaction in the Aerospace sector.
  • This is The Gores Group’s 60th transaction in the United States.
  • This is The Gores Group’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2017-02-09
Target TurbineAero
Sector Aerospace
Buyer(s) The Gores Group
Sellers(s) Triumph Group
Deal Type Divestiture

Target

TurbineAero

Chandler, Arizona, United States
TurbineAero is a manufacturer of industrial parts and components. The company specializes in the design and production of aerospace and hot-section components. It also offers maintenance, repair and overhaul services to military, commercial, original equipment manufacturers and aircraft operators. TurbineAero was founded in 2017 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.

DEAL STATS #
Overall 73 of 74
Sector (Aerospace) 1 of 1
Type (Divestiture) 36 of 36
State (Arizona) 2 of 2
Country (United States) 60 of 61
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Data Blue

Atlanta, Georgia, United States

Data Blue LLC delivers customized storage, backup and server virtualization and consolidated solutions to enterprise customers in North America. Data Blue was formed to redefine the Value Added Reseller space, offering both the customer and manufacturer something that’s a step above what is currently available in the marketplace. Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to the Enterprise, with specific emphasis on Fortune 1000 companies. By utilizing our vast cross-platform integration expertise and unparalleled product knowledge, we deliver solutions that are perfectly tailored to meet the unique needs of your environment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-21 Fotona

Ljubljana, Slovenia

Fotona is a manufacturer of high-performance lasers for medical, dental, and aesthetic applications. The company sells these systems through a network of 70+ worldwide distributors and through a direct sales force in the United States. Fotona was established in 1964 and is headquartered in Ljubljana, Slovenia.

Sell -

Seller(S) 1

SELLER

Triumph Group

Berwyn, Pennsylvania, United States
Category Company
Founded 1993
Sector Aerospace
Employees5,340
Revenue 1.5B USD (2022)
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 Berwyn, Pennsylvania.

DEAL STATS #
Overall 3 of 11
Sector (Aerospace) 2 of 10
Type (Divestiture) 3 of 11
State (Arizona) 1 of 2
Country (United States) 3 of 11
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Triumph - Force Measurement Systems

San Diego, California, United States

Triumph - Force Measurement Systems is a provider of IT systems for aerospace industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 Embee

Santa Ana, California, United States

Embee Processing is one of the nation’s major aerospace metal finishing companies providing a broad menu of non-destructive testing and specialty coating services. Embee Processing provides more than 70 metal finishing, inspection, and testing processes, including chrome, nickel, and cadmium plating, high-velocity oxy-fuel (HVOF), IVD/Vac Cad, anodize/hard anodize, and paint and grinding services.

Sell -
Mergr

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