Triumph Thermal Systems, Inc is a leading company in the aviation industry, specializing in the maintenance, repair, and overhaul (MRO) of structures and airframe and engine accessories. With five primary locations, they serve both the commercial and military aftermarkets, providing top-notch services to their clients. Triumph recently received multiple environmental awards from the City of Grand Prairie, Texas, for their compliance with wastewater pretreatment and environmental requirements, as well as their commitment to reducing air pollution through various initiatives.
In a transformative move, Triumph Group, Inc has entered into a definitive agreement to sell its Product Support business to AAR CORP for $725 million. This strategic decision will allow Triumph to focus on debt reduction and streamline its operations. The Product Support business, generating revenues of approximately $268 million, has been a key player in the MRO sector, and this sale marks a significant milestone for Triumph as they continue to strengthen their position in the aviation industry.
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