PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Cerberus acquires controlling stake in US government aviation services provider M1

Cerberus Capital Management, an alternative investment firm focused on supply chain integrity and US national security, has acquired a controlling interest in M1 Support Services.

Founded in 2003, M1 is a provider of aircraft maintenance, repair, and overhaul (MRO), modification, flight training, logistics support and supply chain management services to the US government for military aircraft and aviation programmes.

According to a press statement, under Cerberus’ ownership, M1 plans to further invest in the company’s infrastructure and then expand its “capabilities to meet the mission-critical aviation requirements of the United States and its partner nations around the world”.

In connection with the transaction, aerospace and defence industry executive George Krivo has been appointed Chief Executive Officer of M1, while company co-founders Kathy Hildreth and Bill Shelt will remain investors and continue as active members on the board of directors.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured