An affiliate of Cerberus Capital Management (Cerberus) has entered into an agreement to acquire Worldwide Flight Services (WFS) from Platinum Equity. “WFS is a market leader in aviation services and is positioned to benefit from attractive long-term industry growth.” said Brett Ingersoll, Head of Global Private Equity and Senior Managing Director of Cerberus. “Cerberus has extensive operational experience and a successful track record in aviation and we are excited to support WFS’s next stage of growth.” Craig Smyth, CEO of WFS, said, “WFS has transformed into a leading global aviation handling player in recent years through growth and operational initiatives.
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