The deal will result in Triumph becoming a privately held entity, with joint control by the acquiring companies.

Pennsylvania-based Triumph designs, manufactures, repairs and supplies spare parts for a wide range of products.

Private equity firms Warburg Pincus and Berkshire Partners agreed to pay $3 billion to acquire Triumph Group), a Pennsylvania maker of aftermarket parts for aerospace and defense systems. Why it matters: This suggests that private equity isn't worried about DOGE turning its attention to Pentagon spending,

Investment firms Warburg Pincus and Berkshire Partners have agreed to buy aircraft parts maker Triumph Group in a take-private deal valued at about $3 billion, the company said on Monday. An ongoing c