Comply365 has merged with Vistair Systems alongside a strategic growth investment from Insight Partners and Liberty Hall Capital Partners
Comply365
Comply365 is a leading provider of enterprise Software-as-a-Service (SaaS) and mobile solutions for content management and document distribution in highly regulated industries, including aviation and rail. Comply365 supports the world’s most mobile and remote workforces with targeted and personalized delivery of job-critical data that enables safe, efficient and compliant operations for hundreds of thousands of pilots, flight attendants, maintenance technicians, rail conductors and engineers.
Vistair Systems
Vistair Systems is a leading provider of operational data management for aviation technical publications, safety and regulatory content. Vistair is focused on driving market-leading innovation that simplifies the complex flight operations, engineering, safety and compliance ecosystem across the aviation industry and the defense sector.
The Deal
With accelerating digitization trends in document, safety and compliance management across the aviation and rail industries, Comply365 and Liberty Hall Capital Partners sought a value-added investment partner to help support Comply365’s next phase of organic and inorganic growth. Liberty Hall engaged Lincoln International as exclusive advisor for Comply365 due to its deep software expertise, international network and knowledge of market participants. Lincoln conducted a targeted process to help Liberty Hall identify an investment partner that possessed a proven track record of acquiring, integrating and scaling global software businesses. Following Insight Partners’ commitment to investing in Comply365, Lincoln was also hired as a buy-side advisor in the strategic growth investment in and merger of Vistair with Comply365. The combination of Comply365 and Vistair yields a leading global provider of compliance, safety and data intelligence technologies serving the aviation, defense and rail industries with more than 120 customers located in over 30 countries on six continents. Insight Partners has joined Liberty Hall as an equal investor in the combined business. The two private equity (PE) firms’ investment provides the combined company with significant capital to accelerate product differentiation and development of new cutting-edge, mission-critical products supporting aviation, defense and rail technologies – with a vision of superior compliance and safety innovation for the benefit of its customers.
Our Perspective
Griffin Bealle, Lincoln International Managing Director who led the transaction, commented, “We were thrilled to work again with Comply365 and Liberty Hall on this exciting new chapter for the company. This combination with Vistair will augment the ability of both companies to continue to help their customers with safety, compliance and efficiency. Insight Partners, with its software expertise and recent specific experience in aviation SaaS, makes for the perfect capital partner. We are excited to see what this company can do next, and we look forward to the opportunity to work again with all parties involved!”
Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software and internet startup and scaleup companies that are driving transformative change in their industries. The firm has over $80 billion in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an initial public offering.
Liberty Hall Capital Partners
Liberty Hall is a PE firm focused exclusively on investments in businesses serving the global aerospace and defense (A&D) industry. Liberty Hall’s principals have a 25-plus year history of working together and have led the investment of more than $2.5 billion in equity capital in over 25 businesses serving multiple segments of the A&D industry.
This is the second time we’ve worked with the Lincoln team on Comply365. The combination of Lincoln’s extensive knowledge and relationships with top software investors led to our partnership with Insight Partners and their global footprint helped facilitate this cross-border transaction. The merger of Comply365 and Vistair is transformative for both businesses as well as Liberty Hall, and we look forward to working with Lincoln again on future acquisitions.
Meet our Senior Team
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