Liberty Hall Capital Partners, a private equity firm focused on aerospace and defense, has acquired Paxia, a leading global provider of integrated onboard services and catering management software for the commercial aerospace industry. Paxia was acquired from TELEO Capital, who will retain a minority interest. Terms of the transaction were not disclosed.
Paxia operates on a Software as a Service (SaaS) model and marks Liberty Hall’s seventh SaaS investment. This acquisition aligns with Liberty Hall’s strategy to capitalize on the digital transformation within the aviation industry.
Founded in 2000, Paxia offers a mission-critical, end-to-end platform that simplifies and optimizes catering operations by connecting suppliers, caterers, kitchens, and airline operations through a “single source of truth.” Paxia serves major airlines including Alaska Airlines, British Airways, Cathay Pacific, and Delta Airlines, providing modular solutions to improve business operations and meet compliance needs.
Houlihan Lokey advised Liberty Hall financially, while Gibson, Dunn & Crutcher served as legal counsel for Liberty Hall and O’Melveny & Myers for the seller.
KEY QUOTES:
“We are very excited for Paxia to join our portfolio of businesses as our next platform acquisition. 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 is a market leader and stands out for its deep domain expertise, strong customer partnerships and purpose-built software that addresses complex operational and catering logistics challenges.”
Rowan Taylor, Liberty Hall’s founding and Managing Partner
“Over its nearly twenty-five year history, Paxia has grown into a leading global provider of onboard software services through product innovation and operational excellence. We are excited to partner with management and provide Paxia the resources to build upon its differentiated product offering and track record of disruption within its market segment and accelerate the introduction of new products and technologies to deliver greater value to its customers.”
James Black, Partner at Liberty Hall
“Joining forces with Liberty Hall marks an exciting milestone for Paxia. 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. We’re confident this partnership will accelerate our ability to deliver innovative solutions to our customers and execute our go-to-market growth plans.”
Paxia CEO Rodney Duty
