KippsDeSanto & Co., an investment banking firm focused on serving growth-oriented Aerospace & Defense (“A&D”) and Government Technology Services (“GTS”) companies, is pleased to share its DealView – the “Top 10 M&A Deals of the Quarter” – for the quarter ended March 31, 2025.
Of the above transactions, we would like to highlight the following deals:
The A&D deal of the quarter is Warburg Pincus and Berkshire Partners’ pending $3.0 billion acquisition of Triumph Group, Inc. (NYSE: TGI) (”TRIUMPH”). Headquartered in Radnor, PA, TRIUMPH provides design, production, and servicing for aircraft systems and components including actuation, fuel systems, hydraulics, geared solutions, and MRO services. TRIUMPH currently employs over 4,500 employees across its 23 domestic and international locations, serving a broad, global aviation industry, including OEMs of commercial, regional, business, and military aircraft, as well as commercial and regional airlines and air cargo carriers. As a privately held company in partnership with Berkshire Partners and Warburg Pincus, the acquisition is intended to enhance the ability to meet TRIUMPH customers’ evolving needs and accelerate the next phase of TRIUMPH’s growth. This transaction demonstrates continued financial sponsor involvement in acquiring leading aircraft part makers, as ongoing consolidation in the commercial aerospace industry is expected to be enhanced by increasing demand for aerospace parts from large aircraft makers. TRIUMPH shareholders will receive $26.00 per share in cash, which represents a premium of approximately 123% over the closing share price on October 9, 2024, the last full trading day prior to media reports regarding a possible sale. This acquisition is expected to close in the second half of 2025, subject to customary closing conditions, including approval by TRIUMPH shareholders and receipt of regulatory approvals.
The GTS deal of the quarter is the sale of cBEYONData, a portfolio company of Bluestone Investment Partners, to SMX, a portfolio company of OceanSound Partners. Headquartered in Arlington, VA, cBEYONData is a digital transformation and data analytics consulting firm, delivering innovative proprietary solutions combining advanced financial analytics and deep domain expertise across Oracle, SAP, and Momentum. With a rich foundation in federal finance, management, and operational expertise – serving high priority federal agencies like the U.S. Army, Department of Justice, Department of Homeland Security, and other large federal customers with complex requirements – cBEYONData bridges the gap between finance and technology, delivering data-driven insights and enabling mission performance. Following this transaction, cBEYONData will continue to operate under its existing management team within SMX as a newly established horizontal business unit: Enterprise Systems and Solutions. The partnership with SMX will further accelerate strategic expansion into new client demographics while continuing to deliver high-end solutions at the intersection of data and dollars – supporting missions that remain a top priority for the new administration and senior civilian and military leaders. The deal was announced on February 11, 2025, and financial metrics have not been disclosed.
KippsDeSanto & Co. is a leading investment banking firm focused on serving growth-oriented Aerospace & Defense, Government Services, and Enterprise Technology companies. Having advised on more than 250 transactions since 2008, the KippsDeSanto team is recognized for analytical rigor, market insights, and broad industry relationships. Whether it’s a sale, merger, divestiture, ESOP, minority investment, or buyside support, the team has the knowledge and network needed to navigate every step of the process. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
Securities and investment banking products and services are offered through KippsDeSanto & Co., a non-banking subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation. KippsDeSanto is a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.
