Anyone know if Cerberus still holds Freedom Group?
Cerberus merged Safeway and Albertson’s. Big playa.
Through Cerberus, his private equity company, Mr. Feinberg has strong ties to the government contracting industry. Cerberus owns DynCorp International, which has had a wide array of large contracts providing security to the State Department and other agencies. DynCorp is now locked in a major legal dispute over the fate of a $10 billion State Department contract that it previously held to provide air support for counternarcotics operations overseas.
John F. Kelly, the new Homeland Security secretary, was paid $166,000 a year as a DynCorp adviser until he was named to the new administration.
Cerberus also owns Remington Outdoor, a major firearms manufacturer.
In 2008, Mr. Feinberg also considered investing in Blackwater, the security firm founded by Erik Prince, a former member of the Navy SEALs, before it was ultimately acquired by other investors.
New York magazine reported last year that Mr. Feinberg went to Blackwater’s North Carolina compound in 2005 to take firearms training.