Hearst To Acquire Mx Tracking Firm CAMP Systems

Media, information and services company Hearst is acquiring aircraft maintenance tracking provider CAMP Systems from private equity firm GTCR, the companies announced yesterday. Merrimack, New Hampshire-based CAMP said it serves more than 19,000 aircraft, 30,000 engines and 1,300 maintenance facilities globally. Terms were not disclosed, and the transaction is expected to close by year-end.

According to Hearst, this acquisition continues its diversification into data and information-based companies. It noted that CAMP’s tracking software “serves an essential market need” since business aircraft owners require maintenance tracking software to comply with global regulations and guidelines, ensure aircraft safety and improve operating efficiency.

“Under CEO Ken Gray and president Vibby Gottemukkala, CAMP has had an impressive record of growth and long-term customers that include the world’s leading business aircraft manufacturers,” said Hearst president and CEO Steven Swartz. Gray and Gottemukkala will continue in these roles under the new ownership.