Exhibit 99.1
NEWS RELEASE
Warburg Pincus and Berkshire Partners Complete Acquisition of TRIUMPH
Privately-held company will continue as an independent leading provider of
mission-critical aerospace systems and components
RADNOR, Pa., NEW YORK, and BOSTON – July, 24, 2025 – Triumph Group, Inc. ("TRIUMPH" or the "Company") today announced the completion of its previously announced acquisition by growth-focused private equity firms Warburg Pincus and Berkshire Partners, becoming an independent privately-held company. With the completion of the transaction, Jorge L. Valladares III will become Chief Executive Officer, succeeding Daniel J. Crowley who joined the Company as CEO in 2016. TRIUMPH will continue to operate as an independent leading provider of mission-critical engineered systems and proprietary components for aerospace and defense companies across both OEM and aftermarket applications.
“I am honored to lead TRIUMPH in this next phase of growth to advance its role as a premier provider of mission-critical aerospace and defense systems and components,” said Jorge L. Valladares III, CEO, TRIUMPH. “I look forward to working closely with the TRIUMPH team to further strengthen and expand our capabilities and meet the evolving needs of our customers.”
Mr. Valladares joins TRIUMPH with decades of leadership experience in the aerospace industry. He most recently served as the Chief Operating Officer of TransDigm, a leading global designer, producer, and supplier of highly engineered aircraft components for commercial and military customers, a position he held until 2023.
“Companies across the aerospace industry rely on TRIUMPH for the premier design, production, and services it provides,” said Dan Zamlong, Managing Director at Warburg Pincus. “We are excited to support Jorge and the TRIUMPH leadership team as they innovate to deliver world-class solutions for their customers.”
“TRIUMPH is well-positioned to accelerate its growth as a privately held company, strengthening its position as a highly-valued aerospace and defense supplier,” said Blake Gottesman, Managing Director at Berkshire Partners. “We look forward to partnering with Jorge, Warburg Pincus, and the impressive team at TRIUMPH in this next chapter of growth.”
“I am incredibly proud of the progress that TRIUMPH has made in the past decade and the impact it has had on the industry,” said Dan Crowley. “Berkshire Partners and Warburg Pincus have strong track records as experienced investors in the sector, generating growth and long-term value creation, and will be great partners to the TRIUMPH team. I am confident that Jorge’s deep industry experience and proven track record of leading and growing similar businesses will benefit all TRIUMPH stakeholders.”
Warburg Pincus and Berkshire Partners are active investors in the aerospace & defense and industrial sectors. Warburg Pincus’ current and former investments in these sectors include Accelya, Aquila Air Capital, CAMP Systems, Consolidated Precision Products, Duravant, Extant Aerospace, Infinite Electronics, Inmarsat, iNRCORE, Quest Global, Sundyne, TransDigm and Wencor Group. Berkshire Partners’ current and former investments in these sectors include Advanced Drainage Systems, Amsafe, Consolidated Precision Products, Harvey Performance Company, Hexcel, Husky, Parts Town, SRS Distribution, and TransDigm.