KippsDeSanto & Co. advises TransDigm Group Inc. on the Sale of the Hypersonic and Defense Test Systems Business Units of Calspan to Cerberus Capital Management, L.P, forming North Wind

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KippsDeSanto & Co. is pleased to announce that it has advised on the sale of the Hypersonic and Defense Test Systems Business Units of Calspan, a subsidiary of TransDigm Group Inc., to Cerberus Capital Management, L.P. In acquiring the Hypersonics and Test Systems Business Units of Calspan, Cerberus has established North Wind (“the Company”).

Headquartered in St. Paul, Minnesota, North Wind is an independent provider of research, development, test, and design (“RDT&E”) systems and services with a full spectrum of capabilities. From early-stage research and development at the subsystem and system levels to supporting full-scale programs, North Wind provides the design, analysis, manufacturing, and testing for complex aerospace, defense, and hypersonic systems.

As a long-standing partner for a diverse customer base, the Company has a reputation for adapting to customer requirements and delivering high-quality services. North Wind’s advanced subject matter expertise and infrastructure-related aftermarket services enable more effective future systems for long-term sustainment.

The acquisition by Cerberus’ Supply Chain and Strategic Opportunities platform represents the creation of a solution for hypersonic testing capabilities that assists in driving innovation, promoting resilient infrastructure, and advancing solution integration. Cerberus believes this new platform will continue to grow and meet an expanding need for updated infrastructure and associated field-ready systems.

Read more in the full press release.

About KippsDeSanto & Co.

KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on over 200 industry transactions since 2008, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.

Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.