M&A Deal Summary

Cerberus Capital Management Acquires M1 Support Services

On May 28, 2024, asset manager Cerberus Capital Management acquired business services company M1 Support Services

Acquisition Highlights
  • This is Cerberus Capital Management’s 7th transaction in the Business Services sector.
  • This is Cerberus Capital Management’s 61st transaction in the United States.
  • This is Cerberus Capital Management’s 4th transaction in Texas.

M&A Deal Summary
Date 2024-05-28
Target M1 Support Services
Sector Business Services
Buyer(s) Cerberus Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

M1 Support Services

Denton, Texas, United States
M1 Support Services provides aircraft Maintenance, Repair, and Overhaul (MRO), modification, flight training, logistics support, and supply chain management services. M1 Support Services was founded in 2003 and is based in Denton, Texas.

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Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 85 of 87
Sector (Business Services) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 26 of 26
State (Texas) 4 of 5
Country (United States) 61 of 63
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 SubCom

Eatontown, New Jersey, United States

SubCom is delivers and maintains the fiber optic cable systems that transmit nearly all of the world’s data and communications. SubCom designs, manufactures, deploys, maintains, and operates modern networks with an industry-leading track record for delivery and performance, providing the most comprehensive technical and marine expertise, with the highest quality, and most reliable solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 North Wind

St. Paul, Minnesota, United States

North Wind is an independent supplier of complex hypersonic and Research, Development, Test & Evaluation (RDT&E) systems and services. North Wind is based in St. Paul, Minnesota.

Buy -
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