Triumph Group

Triumph Group is a leading international aviation services company that designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems, components, and structures. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

The company operates through 29 operating companies with 38 locations in 15 states and 7 foreign countries. The Company offers a variety of products and services through two groups: Triumph Group Systems and Support Group and Triumph Group Aerospace Structures Group.

The company, with an industry-wide reputation for delivery of products and services at a consistently high level of quality, is well positioned with the aviation parts and services industry as a primary provider in its areas of expertise. Triumph’s strategic objective is to become the “vendor of choice” in the worldwide aviation industry through the following core business strategies:

Triumph was formed in 1993 by members of management and Citicorp Venture Capital, Ltd. To acquire certain businesses and assets from IKON Office Solutions, Inc. The acquired businesses had been part of IKON Office Solutions, Inc. for a number of years and consisted of predominantly of assets related to their manufacturing operations.

Triumph completed an Initial Public Offering of $19 per share and become listed on the New York Stock Exchange in October of 1996. Triumph also completed successful Follow-On equity offerings at $33 per share in November of 1997, and at $37.50 per share in March of 2001.

Triumph’s customer base currently includes nearly all of the world’s major commercial airlines, an increasing number of air cargo carriers, including Federal Express, United Parcel Service, Atlas, and OEMs such as Boeing, Lockheed, Sikorsky, Gulfstream, Bell, Northrop-Grumman, Airbus, GE, Rolls-Royce, Pratt & Whitney, Honeywell, and the military. The company has established an industry presence and name recognition through its dedication to quality, high performance products, experienced management, and highly skilled employees. As a result, the Company expects its customer base to continue to grow as it increases cross-selling efforts of related products and services. Triumph’s reputation for problem solving, engineering excellence, quality control and timely delivery has also helped the Company expand its presence in Europe, South America, and Asia.

Triumph has successfully completed 39 acquisitions since October of 1995, of which 35 have been completed since the Company’s initial public offering in October of 1996. Consolidation continues to impact the aircraft industry and the associated repair and overhaul business. Customer demand for broad lines of products and services from fewer vendors has also increased and provided the Company with opportunities to acquire well-managed companies with strong industry reputations. Triumph expects to continue its growth while strictly adhering to the corporate philosophy that an acquisition provide new products or services to its customers within its core capabilities as a provider of systems and aftermarket services, expand the capabilities of the Triumph Group or the markets it serves and be immediately accretive to earnings and cash flow per share.

Further, Triumph continues to execute on its transformation plan, divesting non-core businesses to enable debt reduction and enhance liquidity while moving the company towards its future state as a leading provider of systems and aftermarket services. Since 2016, Triumph has divested 13 non-core businesses to de-lever the company, enhance margins, and position the company for long-term success.