Harris Williams Advises ATP on its Acquisition of Flightdocs

June 24, 2020

Harris Williams recently advised ATP, a premier global provider of information services and software solutions  within the aviation industry, on its acquisition of Flightdocs. Flightdocs is a leading provider of aircraft maintenance tracking and inventory management solutions within business aviation.

The combined company will deliver powerful, cloud-based software solutions for aircraft maintenance tracking, troubleshooting, recurring defect analysis, inventory management, and flight scheduling—combined with a robust library of technical publications and regulatory content.

“The combination of ATP and Flightdocs creates one of the largest software and information services platforms in the aviation market; the scale and capabilities of the company are truly impressive,” said Erik Szyndlar, a managing director at Harris Williams. “We appreciate the opportunity to work with ATP on this transformative acquisition and believe the company is very well positioned for tremendous future success.”

“The collaboration and expertise from our Technology, Media & Telecom Group and Aerospace, Defense & Government Services Group were crucial for advising ATP’s management and shareholders,” said Chris Smith, a director at Harris Williams. “We look forward to continuing to build on that collaboration and thought partnership with ATP.”

ATP is a global information services and software solutions company focused on making flying safer and more reliable. ATP Information Services is a trusted source in the general and business aviation industry for aircraft technical publications and real-time regulatory information. ATP Software Solutions is a leading provider of maintenance tracking, flight operations, inventory management, repetitive defect analysis, and troubleshooting software. The company’s applications help reduce operating costs, improve aircraft reliability, and support technical knowledge sharing and collaboration within the general and business aviation, military and defense, commercial aviation, and OEM industries.

The company has deployed solutions for multiple Fortune 100 companies, supporting more than 75,000 aircraft maintenance professionals worldwide. As a global company, ATP has more than 7,500 customers in 137 countries, with nearly 50 years of experience in the information services and software industries.

ATP is a portfolio company of ParkerGale Capital and, with its minority equity investment to partially fund the Flightdocs acquisition, Accel-KKR.

ParkerGale Capital is a small private equity firm based in Chicago that buys profitable, founder-owned technology companies and corporate carve-outs where the firm’s operating resources can have a meaningful impact on the outcome. ParkerGale hosts a podcast called the PEFunCast with almost a million downloads.

Accel-KKR is a technology-focused investment firm with over $9 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London.

For more information on the transaction, please contact our professionals: Erik Szyndlar, Mike Wilkins, Chris Smith and Jake Lin.