Press Release Triumph Group-Air Repair
CHANDLER and TEMPE, ARIZONA and CHONBURI, THAILAND - Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Triumph Group, Inc. (NYSE:TGI) on the sale of Triumph Air Repair, the APU Overhaul Operations of Triumph Aviation Services Asia, and Triumph Engines to Gores Small Capitalization Partners, an affiliate of The Gores Group. The combined businesses generated revenues of approximately $81 million in Triumph Group's fiscal year ended March 31, 2016.
Triumph Air Repair and the APU Overhaul Operations of Triumph Aviation Services Asia are the world's leading independent maintenance, repair, and overhaul service providers focused on aerospace APUs and related products. The businesses provide military, commercial airline, and regional airline customers with a comprehensive maintenance solution for their legacy and next-generation APU engine models. The combined entity provides global coverage from two modern facilities located in Chandler, Arizona, and Chonburi, Thailand.
Triumph Engines is a niche provider of aerospace engine hot-section component manufacturing and repair services for original equipment manufacturers, aircraft operators, and repair and overhaul providers. The business is a one-stop shop offering extensive and unique capabilities, including complex machining, engineering, inspection, non-destructive testing, and thermal coatings. Triumph Engines is headquartered in Tempe, Arizona.
"We are pleased to have had the opportunity to advise Triumph Group on this multifaceted, cross-border assignment and to have achieved a successful outcome for our client," said Robert Whitney, Managing Director at Seale & Associates.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings.