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.

The post Triumph Group Sells off Its Composites Business appeared first on Composites Today.

The acquisition consists of two manufacturing facilities in Farnborough, England and Rayong, Thailand, will operate as Triumph Structures-Farnborough and Triumph Structures-Thailand and be included in the Aerostructures Group. The business is expected to add approximately $55 million in annual revenue and to be immediately accretive to earnings.

Employing around 650 employees, Primus Composites is a global supplier of composite and metallic propulsion and structural composite components and assemblies. In addition to its composite operations, the Thailand operation also machines and processes metal components. Key customers include Airbus, Rolls Royce, Aircelle and Bombardier.

Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said;

The acquisition of Primus Composites increases our global presence, expands our structural composite capabilities and enhances our customer relationships. We are pleased that the management team of Doug Fletcher, Paul Jerram and Alex Beysen will remain with Triumph and view the acquisition as an excellent strategic fit within our Aerostructures Group.

Triumph Group located in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

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