LifePort (Tower Arch Capital Portfolio) Acquires PAC Seating Systems

LifePort Acquires PAC Seating

January 22, 2023

Aerospace & Defense

LifePort, a portfolio company of Tower Arch Capital, has acquired PAC Seating Systems, a Palm City, Florida-based manufacturer of custom seating solutions for the business jet and VIP aerospace market. The deal expands LifePort's interiors and dynamic seating capabilities and geographic reach; existing PAC Seating operators Jad Azzi and Hector Marini will remain as investors and leaders in the combined business.

Signia Aerospace Acquires Lifesaving Systems Corp.

March 2, 2023

Aerospace & Defense

Signia Aerospace, a portfolio company of Arcline Investment Management, has acquired Lifesaving Systems Corp., a Florida-based supplier of helicopter and maritime rescue and survival equipment. The acquisition expands Signia's Mission Systems capabilities by adding Lifesaving Systems' rescue hooks, harnesses, litters and other maritime rescue products to its Onboard Systems business for cross-selling and operational integration.

Arcline Investment Management Acquires Onboard Systems International

October 12, 2021

Aerospace & Defense

Arcline Investment Management, a growth-oriented private equity firm, has acquired Onboard Systems International from Liberty Hall Capital Partners. The acquisition expands Arcline's portfolio in mission-critical electromechanical systems for aerospace and defense, adding a designer, manufacturer, and servicer of external cargo equipment for military and civil helicopters headquartered in Vancouver, Washington.

Portside Acquires LeaseWorks

August 15, 2024

Software

Portside, a cloud-based aviation software provider backed by Vista Equity and Insight Venture Partners, has acquired LeaseWorks, a provider of cloud-based lease and asset management software (Aeris suite) for aircraft lessors and airlines. The deal erweitert Portside's product suite into aircraft leasing, enabling expanded lifecycle management capabilities and scale for both organic and inorganic growth.

Liberty Hall Capital Partners Acquires Paxia

July 10, 2025

Aerospace & Defense

Liberty Hall Capital Partners has acquired Paxia, Inc., a Herndon, Virginia–based provider of SaaS onboard services and airline catering management software, from TELEO Capital (which will retain a minority interest). The acquisition is positioned as a platform investment to scale Paxia's product offering and accelerate go-to-market growth within Liberty Hall's aviation software vertical; terms were not disclosed.

Vista Equity Partners Leads Growth Investment in Portside

May 30, 2024

Cloud & SaaS

Vista Equity Partners’ Endeavor Fund has led a strategic growth investment in Portside, a San Francisco–based provider of cloud-based software for the business aviation industry. Existing investor Insight Partners participated in the minority round; Portside will use the capital to accelerate product development and customer expansion, and Vista’s Ben Benson will join Portside’s board.