Cerberus Acquires Controlling Interest in Leading Government Aviation Services Provider M1
Summary
Under Cerberus’ ownership, M1 plans to build on its strong foundation by further investing in the Company’s infrastructure and the expansion of its capabilities to meet the mission-critical aviation requirements of the United States and its partner nations around the world. 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. Mr. Krivo said: “Bill and Kathy have established M1 as a trusted partner recognized for delivering the highest levels of service, performance, and safety on complex programs of national importance. Founded in 1992, Cerberus is a global leader in alternative investing with approximately $65 billion in assets complementary credit, real estate, and private equity strategies. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors.