Triumph Group Inc. said Monday it acquired Allied Aerospace Industries Inc., a provider of engineering design and manufacturing solutions for complex aerospace and defense programs, from an affiliate of Kohlberg & Company L.L.C.
Terms of the deal were not announced.
The acquired business, which will operate as Triumph Aerospace Systems – Newport News and be part of the Aerospace Systems Group, is projected to add about $19 million of revenue for the remaining five months of fiscal year 2007 and be immediately accretive to earnings.
Allied Aerospace is headquartered in Newport News, Virginia, with additional operations in Florida, California and Alabama and employs about 160 people.
Richard C. Ill, Triumph’s President and Chief Executive Officer, said the acquisition allows Triumph to meet the growing demand for outsourced technical design and engineering capabilities.
Triumph,based in Wayne, PA, designs, engineers, manufactures, repairs and overhauls aircraft components and accessories.