Cerberus invests in aerospace survivability system maker
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By
Ross Wilkers
Resonant Sciences gets more financial backing to focus on its facilities and product pipelines.
Private equity firm Cerberus Capital Management has made an investment in Resonant Sciences, a maker of systems for aerospace survivability in the U.S. defense community.
Resonant Sciences opened for business in 2015 and today has 150 employees whose focus areas include advanced apertures, modeling, measurements, digital engineering and integrated electronic systems.
The Dayton, Ohio-based company said Tuesday it plans to use the capital investment from Cerberus to further build out facilities, capabilities and product pipelines for future platforms. Terms of Cerberus' investment were not disclosed.
Led by co-founder and chief executive Micah North, Resonant Sciences' customer network spans government and commercial markets including all domains of defense.
Resonant Sciences has received approximately $5.8 million in unclassified federal prime obligations over the past 12 months with 90% of that from the Air Force and the remainder from NASA, according to USASpending.gov figures.
Baird worked as exclusive financial adviser to Resonant Sciences.