Warburg Pincus and Berkshire Partners Complete Acquisition of TRIUMPH

Triumph Group, Inc. (NYSE: TGI) ("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

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Warburg Pincus and Berkshire Partners Complete Acquisition of TRIUMPH