COSTA MESA, Calif., June 29, 2006 (PRIMEZONE) -- Publicly traded Triumph Group Inc. (NYSE:TGI), through its subsidiaries Triumph Interiors LLC and Triumph Interiors Ltd., has acquired the assets and business of Air Excellence International Inc. in both the United States and Ireland. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to Air Excellence International.
"Triumph sought an acquisition target that had direct-industry focus, strong revenue growth and client relationships, and a physical presence in the global market. Air Excellence represented a perfect fit," said Paul Weisbrich, senior managing director for RSM EquiCo Capital Markets.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets (www.rsmequico.com) is a global provider of investment banking services to private companies with annual revenues of up to $500 million. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. RSM EquiCo Capital Markets LLC is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC.
RSM EquiCo Capital Markets, a subsidiary of RSM EquiCo Inc., is part of RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
The firm's international headquarters are located in Costa Mesa, California. It also has offices in Chicago, Boston, New York and London.
About Air Excellence International Inc.
Air Excellence International is an integrated provider of aircraft interior recovery and repair services, specializing in the refurbishment of sidewall "skins," ceiling panels, overhead bins and lavatories for commercial aircraft. The company also manufactures related FAA-approved interior components, including window shades, windows, light covers, brackets and various other products. Established in 1995, the company has quickly become one of the leading providers in this growing segment of the aircraft maintenance industry, with strategic locations in Pittsburgh, Dallas, Portland, Ore., and Shannon, Ireland. Air Excellence's unique capabilities have enabled it to capture key strategic customer relationships with many of the world's leading air carriers, repair facilities and aerospace manufacturers, including Delta Air Lines, Southwest Airlines, US Airways, Lufthansa, Air Canada, GAMCO, B/E Aerospace and many others.
About Triumph Group Inc.
Triumph Group Inc. is a global supplier of aerospace systems and components. Operating in 46 locations, Triumph Group designs, engineers, manufactures, repairs and overhauls aircraft components, subassemblies and systems. The company offers a wide variety of products and services through two operating groups: Triumph Aerospace Systems Group and Triumph Aftermarket Services Group. The company serves a broad, worldwide spectrum of the aviation industry, including commercial and regional airlines, air cargo carriers, as well as Original Equipment Manufacturers (OEMs) of commercial, regional, business and military aircraft and aircraft components.
RSM EquiCo is a tradename for RSM EquiCo, Inc. and its subsidiaries, which include: RSM EquiCo Capital Markets, LLC (broker-dealer licensed by the SEC and member NASD, SIPC), RSM EquiCo Canada, Inc. (limited market dealer registered with the Ontario Securities Commission) and EquiCo Europe Limited (authorised and regulated by the Financial Services Authority). RSM EquiCo, Inc. and its subsidiaries are wholly owned subsidiaries of H&R Block.