# AAR Corp to acquire Triumph Group's Product Support business for $725M

AAR Corp announced an agreement to acquire Triumph Group's Product Support business, a provider of MRO services to the global aviation aftermarket, for $725 million in cash. The transaction is expected to be accretive to revenue growth and adjusted EPS in the first full fiscal year.

- Type: Acquisition
- Announced: 2023-12-21
- Where: United States
- Value: $725.0M
- Status: announced
- Products: MRO services for aviation aftermarket
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Triumph Group](https://endata.com/companies/1817.md)
- [AAR](https://endata.com/companies/939.md) (acquirer)
- [Triumph Group](https://endata.com/companies/1817.md) (target)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/aar-NYQ:AIR/news/brief-aar-announces-agreement-to-acquire-triumph-group-apos-s-product-support-business-019e6d6b-87ea-795e-a233-1a5bb1d7c1c2/), 2023-12-21: "AAR ANNOUNCES AGREEMENT TO ACQUIRE TRIUMPH GROUP'S PRODUCT SUPPORT BUSINESS, A LEADING PROVIDER OF MRO SERVICES TO THE GLOBAL AVIATION AFTERMARKET"
- [prnewswire.com](https://www.prnewswire.com/news-releases/aar-announces-agreement-to-acquire-triumph-groups-product-support-business-a-leading-provider-of-mro-services-to-the-global-aviation-aftermarket-302020977.html), 2023-12-21: "This highly strategic acquisition will deepen and broaden our customer relationships globally and expand our footprint."
- [finance.yahoo.com](https://finance.yahoo.com/news/aerospace-supplier-triumph-sell-components-145040774.html), 2023-12-21: "The addition of this high-margin business is expected to further increase our operating margin and is expected to be accretive to our earnings."
- [reuters.com](https://www.reuters.com/markets/deals/aerospace-supplier-triumph-sell-its-components-aftermarket-business-725-mln-2023-12-21/), 2023-12-21: "The addition of this high-margin business is expected to further increase our operating margin and is expected to be accretive to our earnings."
- [aarcorp.com](https://www.aarcorp.com/en/newsroom/press-releases/2023/aar-announces-agreement-to-acquire-triumph-groups-product-support-business-a-leading-provider-of-mro-services-to-the-global-aviation-aftermarket/), 2023-12-21: "AAR CORP. has entered into a definitive agreement with Triumph Group to purchase Triumph Product Support for $725 million in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.