Transactions
June 6 2024
KippsDeSanto & Co. advises Cerberus Capital Management on its purchase of M1 Support Services
KippsDeSanto & Co. is pleased to announce the purchase of a majority interest in M1 Support Services (“M1” or “Company”) by funds advised by its client, Cerberus Capital Management, L.P. (“Cerberus”).
M1 specializes in delivering a comprehensive range of maintenance, repair, and overhaul (“MRO”) solutions to the U.S. Government for critical military aircraft and aviation programs. The Company’s offerings encompass essential aspects of aircraft maintenance and operations, including depot-level repairs, modification, supply chain management, logistics, technical support, and training services. With a focus on quality, reliability, safety, and efficiency, M1 plays a vital role in sustaining the operational capabilities of U.S. military forces.
Cerberus’ operational expertise and deep experience in the aerospace, defense, and government services sector will support M1 in expanding on its current offerings to address mission support requirements for the U.S. and its partner nations around the world.
We believe this transaction highlights several key trends in the M&A market:
• Continued interest in companies that support mission critical programs aligned with budgetary patterns and strategic goals of the U.S. Government;
• Buyers continue to show interest in top-tier assets, especially firms holding leading market positions, unique capabilities, and enduring client relationships;
• Private equity and private equity-backed companies remain active buyers of middle-market and lower-middle market industry firms; and
• Financial sponsors with defined growth strategies, industry acumen, and active funds allocated towards firms exhibiting strong domain knowledge, established client relationships, and innovative capabilities.
LEAD INVESTMENT BANKERS
KippsDeSanto & Co. is pleased to announce the purchase of a majority interest in M1 Support Services (“M1” or “Company”) by funds advised by its client, Cerberus Capital Management, L.P. (“Cerberus”).
M1 specializes in delivering a comprehensive range of maintenance, repair, and overhaul (“MRO”) solutions to the U.S. Government for critical military aircraft and aviation programs. The Company’s offerings encompass essential aspects of aircraft maintenance and operations, including depot-level repairs, modification, supply chain management, logistics, technical support, and training services. With a focus on quality, reliability, safety, and efficiency, M1 plays a vital role in sustaining the operational capabilities of U.S. military forces.
Cerberus’ operational expertise and deep experience in the aerospace, defense, and government services sector will support M1 in expanding on its current offerings to address mission support requirements for the U.S. and its partner nations around the world.
We believe this transaction highlights several key trends in the M&A market:
• Continued interest in companies that support mission critical programs aligned with budgetary patterns and strategic goals of the U.S. Government;
• Buyers continue to show interest in top-tier assets, especially firms holding leading market positions, unique capabilities, and enduring client relationships;
• Private equity and private equity-backed companies remain active buyers of middle-market and lower-middle market industry firms; and
• Financial sponsors with defined growth strategies, industry acumen, and active funds allocated towards firms exhibiting strong domain knowledge, established client relationships, and innovative capabilities.
LEAD INVESTMENT BANKERS
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