Cerberus acquires Calspan’s hypersonics and test systems units

Private Equity Wire

Cerberus Capital Management has launched North Wind, a business focused on hypersonic test capabilities in the US, following the acquisition of Calspan’s hypersonic and defence test systems business units from TransDigm Group.

North Wind, which is headquartered in Minnesota, will focus on ground-based facility design, build and operations, testing and analysis.

According to a press statement, the business is “uniquely positioned to serve the demands of its customers with high-quality, customised engineering services and integrated solutions”.

The acquisition and subsequent formation of North Wind were led by Cerberus’ supply chain and strategic opportunities platform, which acquires and invests in companies addressing supply chain shortages, defined by critical long-term US national security requirements.

David Meier, who has been the President and CEO of Calspan Aero Systems Engineering since 2015, will lead North Wind as CEO, while Stephanie Mumford, President of Calspan Systems since 2016, will assume the same role albeit of the North Wind Systems business unit headquartered in Newport News, Virginia.

Dr Anthony Castrogiovanni, a technologist in the hypersonics industry who has served as Calspan’s CTO since 2021 and previously founded ACEnT Laboratories, will assume the role of CTO for North Wind.

The full article is available here. This article was published at Private Equity Wire.