Liberty Hall Capital Partners Acquires Paxia

(123rf.com Image)

Charleston, South Carolina-based Liberty Hall Capital Partners, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced the acquisition of Paxia, Inc., a leading global provider of integrated, value enhancing onboard services and catering management software solutions serving the commercial aerospace industry.

Paxia was acquired from TELEO Capital, who is retaining a minority interest in the company.

Terms of the transaction weren’t disclosed.

In a statement, Rowan Taylor, Liberty Hall's founding and managing partner, said, "This acquisition, which is our twenty-second acquisition since the formation of Liberty Hall, represents another example of our research-driven, proactive origination and sourcing strategy within one of our key investment verticals, aviation software, where we seek to identify and acquire businesses which provide efficiency-centric software solutions.”

Paxia operates a software as a service (SaaS) business model and represents Liberty Hall's seventh SaaS investment, including three platform and four add-on acquisitions.

The transaction advances the execution of Liberty Hall's investment thesis focused on the digital transformation occurring within the aviation industry, which is driving further adoption of digital-based processes and workflows.

Founded in 2000, Paxia provides a SaaS-based, mission-critical, fully integrated, end-to-end onboard services and catering management platform designed to simplify and optimize the entire catering operation, connecting suppliers, caterers, kitchens and airline operations through a "single source of truth".

Paxia serves several of the world's leading airlines, including Alaska Airlines, British Airways, Cathay Pacific, Delta Airlines, flydubai and Scandinavian Airlines, offering a suite of modular solutions, which supports all sizes of airlines with tailored applications and configurations to improve business operations and meet growing compliance requirements.

Paxia's existing management team, led by CEO Rodney Duty, will remain in their roles following the acquisition.

"Joining forces with Liberty Hall marks an exciting milestone for Paxia," Duty said. "Liberty Hall's deep experience in aviation software and industry focused investment approach make them an ideal partner as we scale our platform, bolster customer relationships and pursue new growth opportunities.”

He added, “We're confident this partnership will accelerate our ability to deliver innovative solutions to our customers and execute our go-to-market growth plans."

Houlihan Lokey, Inc. served as financial advisor to Liberty Hall. Gibson, Dunn & Crutcher LLP served as legal counsel to Liberty Hall and O'Melveny & Myers LLP served as legal counsel to the seller.

UK Group Orders Boeing 787 Dreamliners

Following the U.S.-UK trade agreement, the holding company for British Airways and other carriers announces plans to acquire a total of 71 Boeing and Airbus aircraft at up to $22 billion. Read More »