Industrial Supplies and Parts | Berwyn, PA | Corporate Divestiture
The Gores Group has agreed to acquire a trio of subsidiaries affiliated with Triumph Group (NYSE: TGI). The sale comprises Triumph Air Repair; the Tempe, AZ, facility of Triumph Engines; and the auxiliary power unit overhaul operations of Triumph Aviation Services' business in Asia. The combined businesses generated approximately $81 million in revenues during the fiscal year that ended March 31. The transaction is expected to close in early 2017.