Cerberus Acquires Calspan’s Hypersonics and Test Systems Business Units from TransDigm and Forms North Wind, a Leading Independent Supplier of Hypersonic Test Infrastructure, Systems and Services
Summary
The acquisition and subsequent formation of North Wind are led by Cerberus’ Supply Chain and Strategic Opportunities platform, which acquires and invests in companies addressing supply chain shortages, defined by critical long-term U.S. national security requirements, to help drive innovation, promote resilient infrastructure, and increase security for the United States and its allies. Michael Palmer, Senior Managing Director on Cerberus’ Supply Chain and Strategic Opportunities platform, said: “Weve been tracking this company for a while and admire their innovation and expertise in hypersonics analysis and testing. Mr. Meier added: “We’re excited to be joining forces with a like-minded partner in Cerberus to establish North Wind and drive the expansion and modernization of our nation’s valuable test infrastructure with a focus on hypersonics. The Company’s offerings span the full life cycle of aerospace & defense and commercial systems, including end-to-end turnkey solutions. 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.