Paxia Specializes in Onboard Services Technology and Airline Catering Management

TELEO Capital (“TELEO”), a private equity firm specializing in lower middle market software and services carveouts, today announced the successful sale of Paxia, Inc. (“Paxia”) to investment funds managed by Liberty Hall Capital Partners. TELEO will retain a minority interest in the company following the transaction.

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 airline catering operation. Paxia serves several of the world’s leading airlines, including Alaska Airlines, British Airways, Cathay Pacific, Delta Air Lines, flydubai, and Scandinavian Airlines. The suite of modular solutions supports all sizes of airlines with tailored applications to improve business operations and meet growing compliance requirements. TELEO acquired Paxia in 2019 as a corporate carveout from gategroup, a global airline catering and retail services provider based in Switzerland.

Under TELEO’s ownership, Paxia underwent a strategic transformation focused on product modernization, commercial modularization, and organizational development. Despite the challenges faced by the airline industry during the COVID-19 pandemic, Paxia approximately doubled both revenue and EBITDA during TELEO’s hold period and solidified its position as a category leader in the aviation catering software sector.

“Paxia represents a clear example of TELEO’s strategy in action, transforming non-core corporate assets into scaled, independent businesses with durable market leadership,” said TELEO Capital. “We are proud of the progress achieved under our ownership and look forward to continuing our partnership in this next chapter.”

“TELEO’s strategic and operational support has been central to Paxia’s success as a standalone company,” said Rodney Duty, CEO of Paxia. “Our product and competitive positioning have never been stronger, and we are excited to build on this foundation as we enter our next phase of growth.”

O’Melveny & Myers LLP served as legal counsel to TELEO.

About TELEO Capital

TELEO Capital is an operationally focused private equity firm investing in lower middle market businesses across the technology, healthcare, and business services sectors. TELEO partners with management teams to drive growth and operational improvements, with a focus on carveouts, founder-led businesses, and underperforming assets. The firm is headquartered in Boise, ID with an additional office in Los Angeles, CA. For more information, visit www.teleocapital.com.

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TELEO’s strategic and operational support has been central to Paxia’s success as a standalone company. Our product and competitive positioning have never been stronger, and we are excited to build on this foundation as we enter our next phase of growth.