Monday announced that the company will be acquired by affiliates of Warburg Pincus and Berkshire Partners in an all-cash transaction, valuing the company at $26 per cash or around $3 billion. Upon completion of the deal,

Triumph Group has entered into a definitive agreement under which affiliates of equity firms Warburg Pincus and Berkshire Partners will acquire it in a deal valued at about $3 billion, the aircraft parts maker said on Monday.

Triumph Group (TGI) shares jumped early Monday after the aerospace supplier agreed to be acquired and taken private by affiliates of Warburg Pincus and Berkshire Partners in a roughly $3 billion all-cash deal.