Triumph Group Inc. has announced the completion of its acquisition by private equity firms Warburg Pincus and Berkshire Partners, transitioning to a privately-held company. With this change, Jorge L. Valladares III has been appointed as the new Chief Executive Officer, succeeding Daniel J. Crowley. Valladares previously served as Chief Operating Officer at TransDigm. Triumph Group will continue to operate as an independent provider of aerospace and defense systems and components.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.