CHICAGO, Dec. 7, 2016 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has closed the previously announced sale of CAMP Systems ("CAMP" or the "Company") to The Hearst Corporation.
CAMP is a leading global provider of software-as-a-service ("SaaS") solutions for managing and tracking the maintenance of jets, turbo prop aircraft and helicopters used in business aviation, as well as enterprise information systems used to manage service centers. CAMP serves more than 19,000 aircraft, 30,000 engines and 1,300 maintenance facilities globally. Headquartered in Merrimack, New Hampshire, CAMP has 12 offices around the world.
In executing the Leaders Strategy™, GTCR partnered with long-time industry leaders Ken Gray and Vibby Gottemukkala to acquire CAMP in 2012. Mr. Gray and Mr. Gottemukkala have been with the Company for fifteen years and have grown the business from a paper- based system to a SaaS-based tool that is the global leader in providing aircraft maintenance tracking workflow software and information services to business aviation worldwide.
Since acquiring CAMP in 2012, the Company completed six add-on acquisitions becoming one of the leading players in the business aviation ecosystem.
UBS served as lead financial advisor to CAMP and GTCR with Goldman Sachs and Deutsche Bank also serving as financial advisors. Kirkland & Ellis LLP provided legal counsel to CAMP and GTCR.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies. For more information, please visit www.gtcr.com.
About CAMP Systems International, Inc.
CAMP is the leading independent provider of aviation management products and services with a proven track record over 45 years. CAMP is committed to providing the highest quality products and services to the business aviation community across the globe.
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