Atlantic Investment raises stake in Triumph Group to 6.5% from 5.4% Atlantic Investment Management raised its stake in Triumph Group to 6.5% from 5.4% and said it will continue its "active discussions"with the company's management with respect to actions that may be taken to maximize shareholder value. Atlantic added that it may hold discussions with other parties who might engage in shareholder value enhancing activities.
Triumph Group acquires North American Aircraft Services Triumph Group announced the acquisition of North American Aircraft Services. The acquired business will operate as Triumph Aviation Services, NAAS Division and be included in the Aftermarket Services Group. The business is expected to add approximately $35M in annual revenue and to be immediately accretive to earnings.