---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-128216"
form_type: "8-K"
ticker: "AIR"
cik: "0000001750"
company_name: "AAR CORP"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:13:14.705708+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AAR to acquire Triumph's Product Support business for $725M

## Summary
- Purchase price $725M, subject to customary adjustments.
- Financing secured with $750M debt commitment from Wells Fargo and Bank of America.
- Transaction expected to close in Q2/Q3 2024, subject to HSR and other conditions.
- Acquired assets include Triumph's Airborne Structures, Accessory Services, and Asia units.

## SEC filing metadata
- accession: 0001104659-23-128216
- form_type: 8-K
- ticker: AIR
- cik: 0000001750
- company_name: AAR CORP
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750/000110465923128216/0001104659-23-128216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750/000110465923128216/tm2333504d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-128216
- JSON: https://secwatch.observer/filing/0001104659-23-128216.json
- Plain text: https://secwatch.observer/filing/0001104659-23-128216.txt

## Key facts
- Material Agreements
  AAR CORP entered into Securities and Asset Purchase Agreement with Triumph Group, Inc.; Triumph Aftermarket Services Group, LLC; Triumph Group Acquisition Corp.; Triumph Group Acquisition Holdings, Inc.; Trident Group Operations, Inc. valued at aggregate purchase price of $725 million (effective 2023-12-21).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Triumph Group, Inc.; Triumph Aftermarket Services Group, LLC; Triumph Group Acquisition Corp.; Triumph Group Acquisition Holdings, Inc.; Trident Group Operations, Inc.
  - Value: aggregate purchase price of $725 million
  - Effective: 2023-12-21
  source text: On December 21, 2023, AAR CORP., a Delaware corporation (the " Company " or " AAR "), entered into a Securities and Asset Purchase Agreement (the " Purchase Agreement "), by and among the Company, Triumph Group, Inc., a Delaware corporation (" Triumph "); Triumph Aftermarket Services Group, LLC, a Delaware limited liability company; Triumph Group Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Triumph; Triumph Group Acquisition Holdings, Inc., a Delaware corporation; and Trident Group Operations, Inc., a Delaware corporation (collectively with Triumph, Triumph Aftermarket Services Group, LLC, Triumph Group Acquisition Corp. and Triumph Group Acquisition Holdings, Inc., the " Sellers ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750/000110465923128216/0001104659-23-128216-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.