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Business/Financial

Cerberus Capital To Acquire Majority Stake In Navistar Defense

By Cal Biesecker

Monday, December 3rd, 2018

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Cerberus Capital To Acquire Majority Stake In Navistar Defense

MaxxPro Dash DXM Mine Resistant Ambush Protected (MRAP) vehicle. Photo: Navistar Defense, LLC.

The private equity firm Cerberus Capital Management on Monday said it has agreed to acquire a 70 percent interest in Navistar International Corp.’s [NAV] defense business, which makes tactical wheeled vehicles for military, law enforcement and government customers worldwide.Terms of the deal, which is expected to close this month, were not disclosed.“Today’s announcement is a strategic milestone for Navistar Defense as it provides the business with a well-established, long-term partner that is focused on making crucial growth investments in the…

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