What Liberty Hall Capital Partners does

Liberty Hall Capital Partners is a private equity firm founded in July 2011, headquartered in Charleston, South Carolina (relocated from New York in August 2017), and structured as Liberty Hall Capital Partners, L.P. The firm operates exclusively within the global aerospace and defense industry, focusing on control buyouts of middle market businesses and selectively pursuing significant minority investments, with typical equity capital deployment of $50-150 million per transaction. Since its formation, Liberty Hall has invested over $1.2 billion in equity capital across 24 acquisitions (8 platforms and 16 add-ons), while the firm's principals have collectively led over $3.0 billion in 34 acquisitions since 2005. The firm executes an active buy-and-build strategy, partnering with management teams and leveraging a network of Operating Advisors (former aerospace CEOs, senior executives, and military officers) to transform middle market businesses into larger, more capable and diverse strategic assets.

The firm's portfolio spans aerospace components manufacturing, engine parts, aircraft tires, helicopter cargo handling equipment, and increasingly aviation software. Current wholly-owned portfolio companies include Accurus Aerospace (complex metallic and electromechanical systems across 8 facilities in the US, Australia, and India), Comply365 (operational content, safety, and training management software across aviation, defense, rail, and space), Dunlop Aircraft Tyres (aircraft tires across UK, US, and China facilities), and Paxia (onboard services and catering management software). The firm serves global OEMs and defense primes, with portfolio company customers spanning over 300 airlines, 1,000 helicopter operators, and 11,500 business jet owners.

Liberty Hall generates revenue through management fees and carried interest from its private equity funds, including Liberty Hall Capital Partners Fund I, L.P. ($226.5 million closed March 2018) and a Continuation Fund I closed in September 2024. The firm is registered as an investment adviser with the SEC and operates with a team of more than 15 investment professionals and Operating Advisors possessing over 500 years of combined aerospace and defense industry experience. Geographic operations span the United States, United Kingdom, Germany, Australia, Austria, Israel, New Zealand, China, and India.

Name

Liberty Hall Capital Partners

Legal name

Liberty Hall Capital Partners, L.P.

Website

http://www.libertyhallcapital.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Liberty Hall Capital Partners is a private equity firm founded in 2011 that invests exclusively in middle market businesses serving the global aerospace and defense industry, executing control buyouts and buy-and-build strategies with over $1.2 billion deployed since formation across 24 acquisitions.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap / Mega-Fund Buyout (FSANABAA)

Keywords

• Aerospace private equity
• Defense buyout investing
• Middle market investments
• Investment management services
• Buy-and-build strategy

Headquarters

HQ city

Charleston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Private Equity Fund Management: Liberty Hall Capital Partners earns returns through management fees and carried interest from its private equity funds. Since 2005, principals have led investment of over $3.0 billion in equity capital in 34 acquisitions of aerospace and defense businesses, including over $1.2 billion invested since formation of Liberty Hall.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. The firm invests $50-150 million of equity capital in control buyouts of middle market aerospace and defense businesses, executes buy-and-build strategies through platform and add-on acquisitions, and earns returns through management fees and carried interest on its investment funds.

Product overview

Liberty Hall Capital Partners is a private equity firm, not a product company. It does not offer products or services in the traditional sense. The company makes equity investments in middle market aerospace and defense businesses through its portfolio companies: Accurus Aerospace Corporation (complex metallic and electromechanical systems), AIM Aerospace Corporation (advanced composite structures), Aircraft Performance Group/APG (flight operations software), Bromford Group (engine components), Comply365 (operational content management and safety/training solutions), Dunlop Aircraft Tyres (aircraft tires), Onboard Systems International (helicopter cargo handling equipment), and Paxia (onboard services and catering management software). These are independent portfolio companies, not products offered by Liberty Hall itself.

Differentiator

Problem solved

Functional benefit

Products and services

• Liberty Hall Capital Partners Fund I, L.P.
• Liberty Hall Capital Partners Continuation Fund I, L.P.
• Buy-and-Build Investment Services
• Operating Advisor Engagement Services

Quantifiable outcome

• Over $3.0 billion in equity capital invested since 2005
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• AE Industrial Partners: AE Industrial Partners is a PE firm exclusively focused on aerospace, defense, and industrial services, making it the most direct peer to Liberty Hall in the middle-market A&D buyout niche. It runs a comparable buy-and-build strategy targeting suppliers, MRO providers and specialty aerospace businesses.
• Platinum Equity: Platinum Equity is a middle-market industrials and aerospace/defense-focused PE sponsor with a buy-and-build approach similar to Liberty Hall, often investing in carve-outs and complex aerospace supplier situations at comparable check sizes.
• Arlington Capital Partners: Arlington Capital Partners is a middle-market PE firm focused on government services, aerospace and defense, with a comparable fund size and thesis of partnering with management teams in regulated, mission-critical defense and aerospace suppliers.
• Jordan Company: The Jordan Company is a middle-market industrials-focused PE firm with a long history of A&D investments and platform builds. Its check sizes and buy-and-build approach overlap meaningfully with Liberty Hall's middle-market A&D thesis.

Broad incumbents

• Bain Capital Private Equity: Bain Capital runs a sizable industrials and aerospace/defense practice within a much larger multi-strategy PE platform. It competes with Liberty Hall for larger A&D suppliers but at significantly higher check sizes and broader portfolio scope.
• KKR & Co. KKR's industrials and aerospace teams invest across the A&D value chain via its global PE and infrastructure funds. KKR competes for A&D platforms and adjacencies but at mega-fund scale, often partnering with or outbidding Liberty Hall on larger situations.
• The Carlyle Group: Carlyle's global industrials and aerospace/defense franchises invest in suppliers, MRO providers and aftermarket businesses worldwide. It is a broad incumbent that overlaps with Liberty Hall's middle-market A&D thesis but at materially larger fund scale.
• Apollo Global Management: Apollo has invested across aerospace and defense through its flagship buyout funds and hybrid value strategies. It is a broad incumbent alternative-asset manager with periodic overlap in A&D suppliers and aftermarket services.
• Cerberus Capital Management: Cerberus has a long-standing industrials and aerospace/defense practice investing in suppliers and services businesses. As a multi-strategy incumbent, it competes with Liberty Hall on middle-market A&D deals, particularly in distressed and special situations.

Others

• Insight Partners: Insight Partners is a large software and technology-focused investor that co-invested alongside Liberty Hall in the Comply365-Vistair combination. While not a competitor for traditional A&D suppliers, Insight is an ecosystem co-investor and adjacent capital provider in aviation software.

Market position

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/liberty-hall-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A12 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liberty Hall Capital Partners