M&A Deal Summary

Triumph Group Acquires Furst Aircraft and Instrument

On August 2, 2002, Triumph Group acquired aerospace company Furst Aircraft and Instrument

Acquisition Highlights
  • This is Triumph Group’s 7th transaction in the Aerospace sector.
  • This is Triumph Group’s 7th transaction in the United States.
  • This is Triumph Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2002-08-02
Target Furst Aircraft and Instrument
Sector Aerospace
Buyer(s) Triumph Group
Deal Type Add-on Acquisition

Target

Furst Aircraft and Instrument

Teterboro, New Jersey, United States
Furst Aircraft and Instrument operates within the business jet market as a certified instrument repair, overhaul and re-certification facility. Furst has capabilities on more than 1,500 components and represents most major manufacturers. In addition, the company provides avionics install services, rotables, loaners, engineering, 24-hour AOG support, inventory and parts management and field services.

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Buyer(S) 1

Buyer

Triumph Group

Berwyn, 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 Berwyn, Pennsylvania.

DEAL STATS #
Overall 7 of 32
Sector (Aerospace) 7 of 30
Type (Add-on Acquisition) 5 of 20
State (New Jersey) 1 of 1
Country (United States) 7 of 29
Year (2002) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-02 Aerocell Structures

Hot Springs, Arkansas, United States

Aerocell Structures, Inc.specializes in the repair and overhaul of airframe components, bonded components, and structural assemblies for all commercial air fleets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-25 Boeing - Spokane Fabrication Operation

Spokane, Washington, United States

Spokane Fabrication Operation is dedicated to the production of aircraft parts made of composite and thermoplastic materials. Primary products include floor panels, air control system ducts and non-structural composite flight deck components.

Buy -
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