Maranon Capital has made a mezzanine and equity co-investment in Aircraft Technical Publishers to back the acquisition of the company last month by ParkerGale Capital.
Aircraft Technical Publishers (ATP) sells parts and maintenance data as well as workflow management software to companies that repair and maintain small airplanes. This is the general aviation market, which includes tens of thousands of maintenance, repair and overhaul (MRO) and fixed based operator (FBO) service providers. ATP customers buy products on an annual subscription basis and the company currently has about 17,000 subscribers.
Maranon provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. The firm is currently managing over $1 billion of committed capital and has offices in Chicago; Birmingham, MI (near Detroit) and South Bend, IN (www.maranoncapital.com).
According to ParkerGale, ATP is the only organization that integrates information directly from more than 54 of the world’s leading manufacturers to create the industry’s most comprehensive repository of technical, operating, and regulatory data. ATP was founded in 1973 and is headquartered in San Francisco (www.atp.com).
ParkerGale Capital purchased the company from founding family member and CEO Caroline Daniels. Upon closing of the acquisition, ParkerGale named Charles Picasso, a co-investor on this transaction, as ATP’s new CEO.
ParkerGale Capital makes control investments in profitable technology enabled services companies that have from $2 million to $6 million in profits and are based in North America. The firm was founded in 2014 by five former members of Chicago Growth Partners – Devin Mathews, Dave Chandler, Jim Milbery, Kristina Heinze and Ryan Milligan. ParkerGale is headquartered in Chicago (www.parkergale.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 12-14-15
