PennAero completed its acquisition of TriMas Corporation’s aerospace fasteners assets for $1.45 billion cash, significantly expanding PennAero's product portfolio and engineering capabilities.

“This marks an important milestone for PennAero,” stated PennAero CEO Ryan Kinslow. “We believe the combined strengths of our teams, technologies, and customer relationships position us exceptionally well for long-term growth. We will continue to invest in the capabilities to support the critical applications our customers rely on.”

City of Industry-based TriMas Aerospace designs and manufactures fasteners, collars, blind bolts, rivets, ducting and connectors for air management systems, and other machined parts and components.

The TriMas Aerospace companies joining PennAero include Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, TFI Aerospace, Martinic Engineering, RSA Engineered Products, Weldmac Manufacturing Company, and TAG (formerly TriMas Aerospace Germany).

“We are excited to partner with PennAero as we begin this next phase of our growth journey,” said Vitaliy Rusakov, CEO of TriMas Aerospace. “We have made substantial progress over the past three years and look forward to building on that foundation together.”

PennAero manufactures externally threaded structural fasteners, gears, latches, manifolds, and precision components for airframe and engine manufacturers serving Boeing, Airbus, and other major OEMs, as well as high-performance components for the semiconductor and space markets. The company maintains engineering and manufacturing operations across North America, Europe, and Asia.

El Segundo, CA-based PennAero is backed by private equity firm Tinicum, L.P.