ACE Joins Liberty Hall Capital Partners in Acquiring Paxia

July 10, 2025 - Liberty Hall Capital Partners ("Liberty Hall"), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the acquisition of Paxia, Inc. ("Paxia"), 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 were not disclosed.

"We are very excited for Paxia to join our portfolio of businesses as our next platform acquisition," said Rowan Taylor, Liberty Hall's founding and Managing Partner. "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."

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.

James Black, Partner at Liberty Hall, added, "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."

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," said Mr. Duty. "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," he added.

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.