The deal will result in Triumph becoming a privately held entity, with joint control by the acquiring companies.

Pennsylvania-based Triumph designs, manufactures, repairs and supplies spare parts for a wide range of products.

Investment firms Warburg Pincus and Berkshire Partners have agreed to buy aircraft parts maker Triumph Group in a take-private deal valued at about $3 billion, the company said on Monday. An ongoing c

Private equity firms Warburg Pincus and Berkshire Partners agreed to pay $3 billion to acquire Triumph Group), a Pennsylvania maker of aftermarket parts for aerospace and defense systems. Why it matters: This suggests that private equity isn't worried about DOGE turning its attention to Pentagon spending,