Accel-KKR, a global technology-focused private equity firm, has made a growth investment in ATP, a provider of aviation software and information services. This transaction follows Accel-KKR’s initial investment in ATP in mid-2020 in partnership with existing investor ParkerGale Capital.
“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 Dean Jacobson, managing director of Accel-KKR. “Despite the changes in air travel brought on by the pandemic, flight maintenance and safety remain paramount to our customers. 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.”
“In our 50 years, we have a singular mission to make aviation safer and more reliable through innovative maintenance and diagnostic solutions, and today, ATP is the industry gold standard for innovation, reliability and quality in the aviation industry,” said Rick Noble, CEO of ATP. “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.”
Source: Mergers&Acquisition
By John Melendez
