Triumph Group has announced an agreement to sell its composites operations to Arlington Capital Partners. Included in the sale are the Triumph Aerospace Structures composites locations in Milledgeville, Georgia and Rayong, Thailand.
Arlington Capital Partners is a Washington, DC-based private equity firm that is focused on investing in growth industries including aerospace & defence, government services and technology, healthcare, and business services and software.
The operations cover approximately 800 thousand square feet of factory space and employ approximately 600 people. The composites business provides structural and engine composite fabrications and assemblies across commercial, business jet, and defence platforms. Key programs supported by the sites include Boeing 787, 777 and V-22, Airbus A320, A330 and A350, Embraer E-2, Northrop Grumman Global Hawk, as well as the Gulfstream G650/700.
The transaction is subject to customary closing conditions and is expected to close in Triumph’s second quarter of FY21. Following the close of the transaction, the business will retain its management, technical and supporting staff, and will continue operations at the current facilities.