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.

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.

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.

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,