TriMas to sell aerospace segment for $1.45B

TriMas (TRS) announced that it has entered into a definitive agreement to sell its aerospace segment for an all-cash purchase price of approximately $1.45B to an affiliate of Tinicum. 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 third quarter 2025 adjusted EBITDA. The closing is expected to occur by the end of the first quarter of 2026, subject to customary regulatory approvals and closing conditions.