Sector-focused private equity firm increases total invested capital to more than $1 billion
CHARLESTON, S.C. , Oct. 17, 2024 /PRNewswire/ — Liberty Hall Capital, a private equity firm focused solely on investing in businesses serving the global aerospace and defense industry, Partners (“Liberty Hall”) today announced the successful completion of an investment agreement. Single asset continuation to support the continued growth of Comply365 Holdings, LP (“Comply365”), the world’s leading all-in-one compliance, safety, and training platform serving the aviation, defense, and rail industries. The fund has been oversubscribed. Following the closure of the Continuing Fund, Liberty Hall has invested more than $1 billion of capital in seven platforms and 12 additional acquisitions in businesses serving the global aerospace and defense industry.
The newly established Continuation Fund will provide significant committed capital to Liberty Hall to continue to support Comply365’s future investment strategy and accelerate growth through strategic acquisitions. Lead Edge Capital Management, LLC (“Lead Edge”), a growth equity firm that invests in software, Internet and technology-enabled businesses, served as the lead investor. Terms of the transaction were not disclosed, and the transaction did not result in any changes to the governance of Comply365, which includes Insight Partners, a global software investor, as an equal investor with Liberty Hall.
“Since we founded Liberty Hall, we have continued to execute a disciplined investment strategy focused on the aerospace industry. This is another example of our track record of transforming our clients into talented and diverse strategic assets,” said Rowan Taylor, Founder and Managing Partner of Liberty Hall. “We are proud of this important milestone and excited to partner with Lead Edge to continue executing Comply365’s strategic plan.”
Liberty Hall acquired Comply365 in December 2020. This represents the execution of the company’s investment thesis, which focuses on the digital transformation taking place within the civil aviation and rail industries, driving further adoption of digital-based processes and workflows. Founded in 2007 and based in Beloit, Wisconsin, Comply365 provides a unique, SaaS-based, mission-critical enterprise content management solution that includes content management, authoring, compliance tracking, workflow management, and targeted document distribution. Solve key pain points across the management lifecycle. During Liberty Hall’s ownership, Comply365 strengthened its position as a global provider of operational content management, made strategic investments in talent and research and development, achieved record financial performance, and expanded its footprint in the UK and Australia. Completed strategic acquisition of Vistair Limited and Israel. This has given Comply365 greater financial scale, broader diversity and balance, and the addition of complementary products, customers and end markets to serve. Today, Comply365 serves the aviation, defense, and rail industries with over 140 customers in more than 30 countries on six continents as the world’s leading all-in-one compliance, safety, and training platform for highest operational performance. I am.
James Black, Partner at Liberty Hall, added: “We are proud of Comply365’s accomplishments and appreciate Lead Edge’s support and confidence in both Liberty Hall and Comply365. , we are well-positioned to accelerate growth and expand our product differentiation as we continue to build a leading aviation company.” A software platform focused on compliance, safety, and training. ”
said Zach Ullman, principal at Lead Edge Capital. “Liberty Hall has a proven track record of successfully partnering with major aerospace and defense companies, and Comply365 is a prime example of that. Since Liberty Hall’s investment in 2020, Comply365 has expanded its position as a global leader. We continue to solidify our focus and execute on our ambitious growth strategy.” ”
Houlihan Lokey, Inc. served as financial advisor to Liberty Hall. Gibson, Dunn & Crutcher LLP served as legal advisor to Liberty Hall, and Goodwin Procter LLP served as legal advisor to Lead Edge.
About Liberty Hall Capital Partners
Liberty Hall Capital Partners is a private equity firm focused on investing in businesses serving the global aerospace and defense industry. Liberty Hall’s principals have a history of collaboration spanning more than 25 years and have led over $2.5 billion in equity capital investments in more than 25 businesses serving multiple segments of the aerospace and defense industry. Of that, more than $1 billion in equity capital investments have since been made. Formation of Liberty Hall. Liberty Hall was founded in July 2011 as the first private equity firm and remains the only private equity firm focused solely on investing in middle market businesses serving the aerospace and defense industries. Liberty Hall executes proven and repeatable investment strategies aimed at transforming middle market businesses into larger, more capable and diverse strategic assets. For more information, please visit www.libertyhallcapital.com.
About Comply365
Comply365 is a leading provider of operational content management, safety management, and training management in highly regulated industries such as aviation, defense, and rail. Comply365 offers a powerful combination of expertise and products backed by integrated best practices, providing airlines, rail and defense organizations with a single digital platform to deliver relevant data sets across domains. Improve operational excellence and transform safety management and training with tight integration. Comply365 provides airlines, rail, and defense organizations with an all-in-one compliance, safety, training, and data platform to ensure their crews and assets are always at peak operational performance, more streamlined, robust, and Deliver unparalleled financial and operational benefits with agility. operation. Comply365 is a trusted technology partner for many of the most progressive aviation and defense organizations around the world, with a global customer base of more than 140 airlines, defense agencies, and rail agencies. For more information, please visit www.comply365.com.
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SOURCE Liberty Hall Capital Partners
