Milbank LLP advised leading alternative investment firm Cerberus Capital Management, L.P. on its acquisition of a controlling interest in M1 Support Services. The transaction closed on May 28, 2024. M1 provides aircraft maintenance, repair and overhaul to the US government, including the US Air Force, Army and Navy, along with a wide range of government agencies. Under the ownership of Cerberus, M1 will invest in its company infrastructure and expand its capabilities to meet the aviation requirements of the US and its global partners. Concurrently with the transaction, M1 will appoint a new chief executive officer. Founded in 1992, Cerberus manages approximately $65 billion in assets, with a dedicated investment platform focused on supply chain integrity and national security. The Milbank team was led by Global Corporate Group partners Neil Q. Whoriskey and Andrew J. Fadale with associates Bianca Prikazsky, Frank Pensabene, Christina Sonageri, Ari Tuchman, Marc Kilani, and Cleopatra Gray.