Cerberus Capital Management, L.P. (Cerberus), a global leader in alternative investing with a dedicated investment platform focused on supply chain integrity and national security, has acquired a controlling interest in M1 Support Services (M1).
Founded in 2003, M1 is a premier provider of aircraft MRO, modification, flight training, logistics support and supply chain management services to the U.S. Government for critical military aircraft and aviation programmes. The company has established an excellent track record of contractor performance and an uncompromising commitment to safety.
Under Cerberus' ownership, M1 plans to build on its strong foundation by further investing in the company's infrastructure and expanding 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, George Krivo, a long-time aerospace and defence industry executive, has been appointed Chief Executive Officer of M1. M1's co-founders, Kathy Hildreth and Bill Shelt, will remain investors in M1 and continue to support the business as active members of the Board of Directors.
Following more than two decades of active service in the United States Army, Krivo has spent nearly 20 years as a senior executive across aerospace and defence services companies, including as CEO and COO of DynCorp International, a global leader in aviation and logistics support services and former Cerberus portfolio company. He also held numerous executive positions at DRS Technologies and Science Applications International Corporation.
