A little more than a year after acquiring Flightdocs, aviation software and information service provider ATP said it has received a “significant growth investment” from private equity firm Accel-KKR (AKKR), hastening ATP’s growth including through mergers and acquisitions. Accel-KKR partnered with ATP owner and investor ParkerGale on the Flightdocs acquisition last June.
“Since AKKR’s initial investment in the company, we have seen up-close the sizable opportunities for ATP together with Flightdocs, and for the aviation software industry at large,” said AKKR managing director Dean Jacobson. “Our new investment today represents a strong continued vote of confidence in ATP, and in the exciting opportunities that lie ahead for the aviation software industry at large.”
ATP completed the integration of its products with Flightdocs’s maintenance-tracking platform last fall, enabling Flightdocs users to link to the ATP Aviation Hub that comprises more than 1,700 technical publications from 90 original equipment manufacturers, as well as FAA and EASA regulatory documents.
“In our 50 years, we have a singular mission to make aviation safer and more reliable through innovative maintenance and diagnostic solutions,” said ATP CEO Rick Noble. “Now with the additional investment and resources from Accel-KKR, along with the continued support from ParkerGale, the company is ready to write its next chapter, which is to harness its product leadership for accelerated growth.”