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Bloomfield Hills Today
By the People, for the People
TriMas Completes Divestiture of Aerospace Business
Transaction Sharpens Company Focus and Strengthens Platform for Future Growth
Mar. 16, 2026 at 3:03pm
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TriMas (NASDAQ: TRS) has completed the divestiture of its TriMas Aerospace business to PennAero, a portfolio company of Tinicum L.P. and funds managed by Blackstone, Inc. The $1.45 billion cash transaction, first announced in November 2025, is expected to provide TriMas with approximately $1.2 billion in net after-tax proceeds.
Why it matters
The divestiture of the aerospace business is a strategic move by TriMas to sharpen its focus and enhance its financial flexibility. The company plans to use the proceeds to support organic growth investments, pursue strategic acquisitions, and repurchase shares, with the goal of elevating its overall portfolio and delivering strong returns for shareholders.
The details
TriMas will provide certain transitional services to the buyer under a Transition Services Agreement, for which the company will be reimbursed. The transaction is the result of TriMas' evaluation of strategic alternatives for the aerospace business, which was first announced in February 2025. PJT Partners and BofA Securities served as financial advisors, and Jones Day served as outside legal counsel to TriMas.
- The divestiture was first announced on November 4, 2025.
- The transaction was completed on March 16, 2026.
The players
TriMas
A diversified industrial manufacturer that designs, manufactures and supplies a broad range of innovative and high-quality products for the consumer packaging and industrial markets.
PennAero
A portfolio company of Tinicum L.P. and funds managed by Blackstone, Inc. that acquired the TriMas Aerospace business.
Thomas Snyder
President and Chief Executive Officer of TriMas.
Vitaliy Rusakov
The former leader of the TriMas Aerospace team.
What they’re saying
“This transaction represents a significant milestone in TriMas' ongoing transformation, further sharpening our focus and enhancing our financial flexibility.”
— Thomas Snyder, President and Chief Executive Officer
“We extend our sincere gratitude to Vitaliy Rusakov and the entire TriMas Aerospace team. Their relentless focus on performance improvement, operational discipline and customer excellence has positioned the aerospace business for future success and ensured a smooth transition.”
— Thomas Snyder, President and Chief Executive Officer
What’s next
TriMas will continue to evaluate opportunities that advance its vision for a more customer-centric, growth-focused company, while delivering strong returns for its shareholders.
The takeaway
The divestiture of the TriMas Aerospace business is a strategic move that will allow the company to sharpen its focus and enhance its financial flexibility, positioning it for long-term growth and value creation for its shareholders.
