Hertzler Brothers Sell Avtrak to Camp Systems
Camp Systems International purchased maintenance-tracking provider Avtrak last week. In early May, Camp was sold by private equity firm Warburg Pincus to another private equity company, GTCR (owner of the Landmark Aviation FBO chain), for a reported $600- to $700 million.
Camp CEO Ken Gray said that he had indicated an interest in buying Avtrak to co-founders Joe and Glenn Hertzler. He added, “The Hertzler brothers made a decision for personal reasons that it was time to exit, and we were a logical acquirer.”
Camp, which also owns Cessna’s Cescom maintenance-tracking system, has less than 50-percent market share in the turbine-powered business aircraft market, according to Gray. “There are a lot of aircraft that Avtrak and Camp do not service,” he said.
Camp specializes in maintenance tracking aided by full-service analysts, while Avtrak has been targeted more at the type of customer that doesn’t use an analyst. Camp did not purchase Avtrak’s software development business, which provides the software that runs Gulfstream’s CMP maintenance tracking system. Gray said that some consolidation will occur at Avtrak’s and Camp’s Wichita offices. “We made job offers to all the analysts and support people,” Gray said.