ParkerGale Acquires Aircraft Technical Publishers (ATP)
November 17 2015 - 8:00AM
ParkerGale Capital, LP announced today its acquisition of Aircraft
Technical Publishers (ATP), the general aviation industry's only
single-source provider of information management and services for
manufacturers, owners/operators, and maintenance providers.
Founded in 1973, ATP is the only single-source
provider offering information management and services to promote
safety and compliance in the aviation industry. ParkerGale is
purchasing ATP from founding family member and CEO Caroline
Daniels.
“For over 40 years, ATP has operated as the market
leader of information services for general aviation maintenance
operations,” said Daniels. “It was important to me to find the
right parties to take the business forward which I found in both
Charles Picasso and the ParkerGale team.”
Picasso, former CEO of IHS Inc. (NYSE:IHS), was
named CEO of ATP upon closing.
“I am excited about the opportunity to partner with
ParkerGale to lead ATP and build upon the achievements of Caroline
and her team,” said Picasso. “ATP represents the ideal platform to
further the development of information management solutions for our
general aviation customers in order to drive greater safety,
compliance, and efficiency.”
“Caroline built an outstanding company and Charles
Picasso has a proven track record of successfully growing companies
focused on delivering mission critical information and services,”
said Devin Mathews, Partner at ParkerGale Capital. “We’re excited
to work with him and the rest of the ATP team to continue building
a great business.”
About ATP
Aircraft Technical Publishers (ATP) is the general
aviation industry's only single-source provider of information
management and services for manufacturers, operators/owners, and
maintenance providers. The San Francisco Bay Area-based company
helps businesses manage all of their maintenance processes—from
maintenance and compliance tracking to inventory management—on a
unified cloud based SaaS platform. ATP helps more than 23,000 users
in 96 countries and 54 manufacturers ensure the highest levels of
safety, compliance, and productivity. For more information, please
visit www.atp.com
About ParkerGale Capital
ParkerGale Capital was founded in 2015 to invest in
small tech and tech-enabled services companies. ParkerGale was
built to meet the needs of founders in situations where we can
bring talented resources to the table. Based in Chicago, IL,
ParkerGale takes control positions in businesses across North
America. For more information, please visit www.parkergale.com.
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