Aircraft Technical Publishers (ATP) has acquired CaseBank Technologies Inc, a Toronto-based provider of diagnostic, troubleshooting and fault detection solutions for the aviation, aerospace and defense industries. The deal’s financial terms were not disclosed. ATP, which is headquartered in San Francisco, said the acquisition will enhance its information management and service offerings to customers in the aviation industry. ATP was acquired by U.S. private equity firm ParkerGale Capital in November 2015.
ParkerGale Portfolio Company Aircraft Technical Publishers (ATP) Announces Acquisition of CaseBank Technologies, Inc.
CHICAGO, Dec. 12, 2016 (GLOBE NEWSWIRE) — Aircraft Technical Publishers (ATP), a ParkerGale Capital, LP portfolio company and the aviation industry’s premier provider of information, tools and services, today announced it has acquired CaseBank Technologies, Inc., a leader in integrated diagnostic, troubleshooting and fault detection solutions for the aviation, aerospace and defense industries, among others.
“The acquisition of CaseBank Technologies is an important next step in the evolution of ATP,” said Charles Picasso, CEO of ATP. “With the addition of their advanced diagnostic, troubleshooting and proactive fault detection capabilities, we will offer customers an even more comprehensive set of integrated solutions to drive greater improvements in maintenance processes and equipment performance.”
ATP is the only single-source provider offering information management and services to promote safety and compliance in the aviation industry. CaseBank Technologies, Inc. increases aircraft availability and accelerates return to service by using field experience to identify and troubleshoot aircraft faults. The complementary fit of both companies will help aviation professionals around the world to improve the speed, cost and quality of maintenance, increasing equipment availability and enhancing overall business performance.
ParkerGale Capital is a small private equity fund based in Chicago that buys profitable, founder-owned software and technology-enabled services companies where the firm’s operating resources can have a meaningful impact. ParkerGale also hosts the private equity industry’s only podcast, the PEFunCast on iTunes and Google Play. For more information, please visit www.parkergale.com
Aircraft Technical Publishers (ATP) is the aviation industry’s premier provider of information, tools 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 diagnostics, troubleshooting, and fault detection to inventory management—on a unified cloud based SaaS platform. ATP partners with 54 manufacturers to help nearly 5,600 customers in 96 countries ensure the highest levels of airworthiness, equipment and business performance, aircraft value, safety, compliance and productivity. For more information, visit ATP.com.
Photo courtesy of Aircraft Technical Publishers