Investment firm acquires WFS in new deal

Worldwide Flight Services (WFS) is being acquired by Cerberus Capital Management, the self-entitled “world’s largest air cargo handler,” based out of Paris, with a presence in 198 major airports in 22 countries. WFS is “positioned to benefit from attractive long-term industry growth,” said Cerberus’ head of global private equity and senior managing director, Brett Ingersoll. […]

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