AE Industrial Partners has acquired Triman Industries, a distributor and services provider to the military aftermarket.
Triman is a distributor of military, aerospace, and aftermarket components, and provides other services including inspection and testing, packaging, labeling, marking, processing, export management, contract administration, and repair management. Triman is headquartered near Philadelphia in West Berlin, NJ (www.trimanindustries.com).
Triman was founded in 1995 by Paul Gray and President Scott Truskin. Post-closing, Mr. Truskin will continue to lead the company and remains a shareholder in partnership with AEI. “We are excited to partner with AEI in the next chapter of our growth,” said Mr. Truskin. “AEI has deep knowledge, expertise and relationships throughout the aerospace and defense marketplace and is the ideal partner to help Triman continue to grow the business and add value to our people, our OEM partners and our military customers.”
“Triman is strategically important in the markets it serves and is a critical link between OEMs and the end-users of parts in the supply chain,” said Jon Nemo, a partner at AEI. “The Triman team has built a great platform in our target markets and we look forward to partnering with the company to build its brand and strengthen its already leading market position.”
AEI invests in the aerospace & defense, power generation and specialty industrial sectors with a specific focus on technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. Typical company targets will have from $50 million to $500 million of revenue. The firm held a final hard cap closing of its second private equity fund, AE Industrial Partners Fund II LP, with $1.36 billion in commitments in July 2018. AEI is headquartered in Boca Raton (www.aeroequity.com).
© 2019 Private Equity Professional | September 3, 2019