TriMas completed the previously disclosed divestiture of its TriMas Aerospace business to PennAero, a portfolio company of Tinicum and funds managed by Blackstone. The deal closed for about USD 1.45 billion in cash, subject to post-closing adjustments. TriMas said estimated net after-tax proceeds are about USD 1.2 billion. TriMas will provide transitional services to the buyer under a transition services agreement.
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