TriMas completes sale of TriMas Aerospace to PennAero for USD 1.45 billion

Reuters

Mar 16

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TriMas Corporation published the original content used to generate this news brief on March 16, 2026, and is solely responsible for the information contained therein.

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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.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TriMas Corporation published the original content used to generate this news brief on March 16, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}