Triumph Group Inc. (TGI) shares jumped 34% in premarket trade on Monday after the company agreed to be taken private by the affiliates of Warburg Pincus and Berkshire Partners in a $3 billion deal. Under the deal terms,

The $3 billion sale to private equity firms Berkshire Partners and Warburg Pincus will take the publicly traded Radnor company private.

US aerospace supplier Triumph Group has agreed to be purchased by two private equity firms for about $2 billion, a deal that takes the publicly traded business back into private hands.

Aerospace supplier Triumph Group, has entered a $3 billion acquisition agreement with Warburg Pincus and Berkshire Partners. The deal will make Triumph a privately held company.

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,