Liberty Hall Capital, a South Carolina, US-based aerospace and defense industry-focused private equity firm, has announced it has acquired Aircraft Performance Group, Inc. (APG), the company said.
APG operates a software as a service business model focused on the corporate and business aviation segment of the aerospace industry and will serve as the platform acquisition for Liberty Hall´s newest strategy to build the market-leading integrated provider of flight operations software solutions to the global aerospace industry.
Liberty Hall said it intends to provide APG with the resources to continue its history of innovation and disruption in its market segment and better serve its customers by accelerating the introduction of these technologies and products.
APG represents Liberty Hall´s fifth platform acquisition and first SaaS investment.
Financing for the acquisition was provided by BMO Sponsor Finance and Stellus Capital Management. Legal advice to Liberty Hall was provided by Gibson Dunn and Crutcher.
The sellers were advised by CapitalValue Advisors. Legal advice to the sellers was provided by Rumler Tarbox Lyden and legal advice to management was provided by MDH Law Group.
Liberty Hall Capital Partners principals have a 25-plus year history of working together and have led the investment of over USD 2.5bn in equity capital in 25 businesses serving multiple segments of the aerospace and defense industry and complementary industrial end markets.
Aircraft Performance Group is a leading global provider of proprietary flight operations software solutions into the aftermarket of the aerospace industry.