Aircraft components maker, Triumph, is acquiring Vought Aircraft Industries, The Wall Street Journal reports. Private equity firm, Carlyle, is selling the company in a $1.44 billion cash and stock deal.

Under the deal, which is expected to close in July 10, Triumph will issue 7.5 million shares and pay $525 million in cash, along with assuming Vought’s debt. RBC Capital Markets acted as financial adviser to Triumph, along with providing committed acquisition debt facilities for the deal.