U.S.-based engineered products manufacturer TriMas Corp. announced the sale of its aerospace segment for approximately $1.45 billion cash to an affiliate of Tinicum L.P. We expect the transaction will close in the first quarter of 2026. The company will divest about a third of its revenues with the move and exit from the aerospace business. We placed all of our ratings on TriMas, including the ?BB? issuer credit rating, on CreditWatch with negative implications. We expect to resolve the CreditWatch when the sale closes, subject to regulatory approvals and other customary conditions. On Nov. 4, 2025, TriMas announced the sale to an affiliate of Tinicum. TriMas reported that the purchase price of $1.45 billion represents an enterprise value multiple of
