Arlington Capital Partners Closes the Acquisition of Triumph Group's Forming and Fabrication Facilities, Creating Radius Aerospace.
22 April 2019 - US-based private equity firm Arlington Capital Partners has completed the acquisition of Triumph Group, Inc.'s (NYSE: TGI) forming and fabrication facilities, the firm said.
Going forward, the business will operate independently as Radius Aerospace, Inc.
Radius is a provider of fabrications, forming and other vertically integrated products and solutions primarily to OEM and Tier 1 Aerospace and Defense customers.
Radius's premier capability set includes unique and differentiated processes serving customers on leading structures and engine platforms such as the 787, A320neo, F-35, G7500, and G650, among other growth programs.
The company serves a broad end-market base, with business spread across defense, commercial and business jet customers.
Radius' employee base brings decades of experience in difficult-to-form processes and a track record of engineering and tooling solutions for its customers' most complex fabricating needs.
Radius will be led by the existing management team, including Tony Johnson as chief executive officer, Bill Boyd as Chief Operations officer, and Tim Lohrenz as chief financial officer.
Tony Johnson will join Peter Manos and Bilal Noor from Arlington Capital as a member of the board of directors.
Arlington Capital Partners is a Washington, DC-area private equity firm that has managed USD 2.2bn of committed capital via four investment funds.
Radius Aerospace, Inc., headquartered in Hot Springs, Arkansas, is a provider of fabrications and other vertically integrated products and solutions primarily to OEM and Tier 1 Aerospace and Defense customers. Radius also has locations in Shelbyville, IN; Fort Worth, TX; Phoenix, AZ; and San Diego, CA.
Across its five locations, the company specialises in all forming methods, including titanium sol-gel coating, metal bonding, specialty alloy welding, stretch forming, hydroforming, welding, brazing, processing, titanium SPF forming and aluminum and titanium chemical milling, among other capabilities.
Target: Triumph Group/ forming and fabrication businesses
Buyer: Arlington Capital Partners
Vendor: Triumph Group
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Apr 22, 2019|
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