The Hearst Corp. is buying Camp Systems Intl. Inc., a developer of software for managing and tracking aircraft maintenance, from private equity firm GTCR LLC. The deal is part of the buyer’s strategy for Hearst Business Media to diversify into data and information-based companies.
Merrimack, New Hampshire-based Camp provides management software and maintenance services used in business aviation for jets, propeller aircrafts and helicopters. With 12 offices across North America, Europe and Asia, the target services more than 19,000 aircrafts, 30,000 engines, and 1,300 maintenance facilities. Camp serves aircraft companies such as: Airbus Corporate Jets, Cessna, Embraer Executive Jets (NYSE: ERJ), HondaJet, Honeywell Intl. Inc. (NYSE: HON), Piaggio Aerospace, Pilatus and more.