TriMas announced today that it has entered into a definitive agreement to sell its Aerospace segment for an all-cash purchase price of approximately $1.45 billion to an affiliate of Tinicum L.P.. Funds managed by Blackstone will be a minority investor in the Transaction. The purchase price represents an enterprise value multiple of approximately 18x last twelve months (LTM) third quarter 2025 adjusted EBITDA.

“As previously communicated, the TriMas Board of Directors has been actively evaluating strategic options to optimize our business portfolio and unlock greater value for our shareholders,” commented Herbert Parker, TriMas’ Board of Directors Chair. “We are pleased to announce this agreement, which we believe represents a compelling valuation and validates the strength of the aerospace business we’ve built. Over the past several years, our aerospace leadership team has executed a significant transformation, delivering sustained sales growth, deepening customer partnerships and driving meaningful operational improvements. This transaction reflects the high-quality nature of the business and its continued strong momentum.”

“This transaction represents a win for our employees, our shareholders and the future of our business,” said Thomas Snyder, TriMas President & Chief Executive Officer. “Upon completion of this divestiture, we will be centered around a more focused, high-margin packaging platform that will enable us to capitalize on long-term growth and deliver superior value. Our top priority is reinvesting to drive profitable growth, including through targeted high-quality acquisitions. In support of that, we’ve established a Strategic Investment Committee, which will guide disciplined evaluation and prioritization of potential acquisitions that best align with our growth strategy. This committee will also actively evaluate additional options, including returning capital to shareholders and strengthening our balance sheet.”

The closing is expected to occur by the end of the first quarter of 2026, subject to customary regulatory approvals and closing conditions. PJT Partners and BofA Securities are serving as financial advisors and have led the sale process, while Jones Day is serving as outside legal counsel for TriMas. Solomon Partners acted as financial advisor to the Purchaser. Kirkland & Ellis served as legal counsel to Takeoff Buyer, Inc. and to Blackstone, while Goodwin Procter advised Tinicum.

“We would like to thank the TriMas Aerospace team for its contributions to TriMas and its leadership throughout the sale process. We are also extremely proud of the great work our broader team has done to strengthen and improve its business, and we remain committed to delivering the highest level of service to TriMas Aerospace customers during this transition,” concluded Snyder.