M&A Deal Summary

Cerberus Capital Management Acquires North Wind

On May 30, 2024, asset manager Cerberus Capital Management acquired aerospace company North Wind from TransDigm Group

Acquisition Highlights
  • This is Cerberus Capital Management’s 2nd transaction in the Aerospace sector.
  • This is Cerberus Capital Management’s 62nd transaction in the United States.
  • This is Cerberus Capital Management’s 4th transaction in Minnesota.

M&A Deal Summary

Date 2024-05-30
Target North Wind
Sector Aerospace
Buyer(s) Cerberus Capital Management
Sellers(s) TransDigm Group
Deal Type Divestiture

Target

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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 86 of 87
Sector (Aerospace) 2 of 3
Type (Divestiture) 14 of 14
State (Minnesota) 4 of 4
Country (United States) 62 of 63
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Vivace

San Antonio, Texas, United States

Vivace provides mission-critical product development, engineering, and management services for U.S. spaceflight systems, hypersonics, and launch vehicle markets. Vivace's products include flight hardware, ground support equipment, development hardware, tooling, and engineering services. Vivace was founded in 2006 and is based in San Antonio, Texas.

Buy -

Seller(S) 1

SELLER

TransDigm Group

Cleveland, Ohio, United States

Category Company
Founded 1993
Sector Aerospace
Employees15,500
Revenue 6.6B USD (2023)
DESCRIPTION

TransDigm Group is a designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft platforms. TransDigm's major product lines include pumps, ignition system components, mechanical controls and actuators, engineered connectors, NiCad batteries and chargers, lavatory components and overhead bin latches. TransDigm Group was founded in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 8 of 8
Sector (Aerospace) 3 of 3
Type (Divestiture) 8 of 8
State (Minnesota) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Raptor Scientific

Berlin, Connecticut, United States

Raptor Scientific is a manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Raptor Scientific was founded in 2019 and is based in Berlin, Connecticut.

Buy $655M