Market Overview

Triumph Group Announces the Sale of Fabrications Business to Arlington Capital Partners, Advancing Transformation Plan


Triumph Group, Inc. (NYSE:TGI) announced today a definitive
agreement to sell Triumph Fabrications to Arlington Capital Partners.
The operations included in the agreement are in Fort Worth, Texas; Hot
Springs, Arkansas; Phoenix, Arizona; San Diego, California; and
Shelbyville, Indiana.

"With the sale of our Fabrications businesses, Triumph continues to
execute on our transformation plan by streamlining our portfolio and
exiting legacy build-to-print, contract manufacturing businesses to
generate shareholder value," said Dan Crowley, Triumph Group President
and CEO. "Today's announcement to divest non-core businesses such as
Triumph Fabrications advances our strategy to focus on areas of growth
and value creation, such as our Integrated Systems and Aftermarket
businesses, while reducing our footprint and eliminating excess capacity
and fixed costs. Importantly, we believe Arlington Capital Partners will
make the necessary investments into the Fabrications business to
accelerate its growth as a more focused operation."

Triumph Fabrications consists of four independent companies, which
operate in five locations throughout the US. These sites encompass more
than 1 million square feet of factory space dedicated to the aerospace
industry by supporting complex sheet metal components and assemblies for
fixed wing and rotorcraft platforms. The businesses offer forming,
assembly and special processing solutions such as stretch, hydro,
titanium hot/super plastic forming, bonding, bulge and drop hammer
forming as well as chemical milling, welding, auto riveting, titanium
Sol-Gel, anodizing and other coating processes. Combined, the businesses
generated revenues of approximately $150 million during Triumph Group's
fiscal year ended March 31, 2018.

Since 2016, Triumph has divested 10 non-core businesses, including
today's announcement, as part of its transformation efforts to de-lever
the company, enhance margins and position the company for long-term

The transaction is subject to customary closing conditions and is
expected to close in the next few months. Following the close of the
transaction, the business will retain its management, technical and
supporting staff, and will continue operations at the current facilities.

Lazard acted as exclusive financial advisor to Triumph on the

About Triumph Group:

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerospace and defense systems, components and structures. The company
serves the global aviation industry, including original equipment
manufacturers and the full spectrum of military and commercial aircraft

More information about Triumph can be found on the company's website at

About Arlington Capital Partners:

Arlington Capital Partners is a Washington, D.C.-area private equity
firm that has managed $2.2 billion of committed capital via four
investment funds. Arlington focuses on middle market investment
opportunities in growth industries, including: aerospace/defense,
government services and technology, healthcare, and business services
and software. Arlington invests in companies in partnership with high
quality management teams that are motivated to establish and/or advance
their Company's position as leading competitors in their field.

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