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Stock impact report

TriMas to Sell Irvine Aerospace Unit in $1.45-Billion Transaction [Los Angeles Times (CA)]

TriMas Corporation (TRS) 
Last trimas corporation earnings: 4/30 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.trimascorp.com
segment for $1.45 billion to Takeoff Buyer Inc., an affiliate of Tinicum LP . Funds managed by Blackstone will be a minority investor. The purchase price represents an enterprise value multiple of approximately 18x the last twelve months, as of the 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,” said Herbert Parker , chairman of TriMas' board of directors, in a statement. “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.” The closing is expected to occur by the end of the first quarter of 2026, subject to customary regulatory approvals and cl Show less Read more
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