Houlihan Lokey Advises TXO Group
Houlihan Lokey is pleased to announce that TXO Group (TXO), a portfolio company of TowerBrook Capital Partners (TowerBrook) and a leading provider of end-to-end circular telecom network and infrastructure service solutions, has acquired the AirWay Group of companies (AirWay), a leading provider of network infrastructure products and services in the U.S.
By acquiring Airway Group, TXO significantly increases its scale, especially in North America, and enhances its customer value proposition in lifecycle management, network and engineering, staging, sourcing, logistics, and technology reuse.
This is another significant expansion for TXO, with the company previously announcing the addition of TEQPORT, a tech-enabled network service provider with asset recovery and decommissioning expertise, in January 2024 and Lynx UK Ltd., a specialist network decommissioning and engineering solutions provider, in December 2023. These additions form part of TXO’s global strategy to be the leading circular economy service partner for network operators, infrastructure operators, and OEMs, both organically and through strategic acquisitions.
Simon Wort, Group CEO of TXO, commented, “AirWay’s addition marks a major step forward in our mission to become the global leader in sustainable technology solutions. Their scale, technical expertise, and market credibility—especially in the U.S.—strengthen our platform for future growth, strategic partnerships, and M&A. Culturally, this is a strong alignment: we share a customer-first mindset, a commitment to sustainability, and a passion for delivering operational excellence. Together, we will accelerate our impact and continue building a truly global circular economy.”
Tom Eaton, CEO of AirWay, added, “We’re proud to join the TXO Group at a time when the industry is seeking smarter, cost-effective, and more sustainable ways to manage network infrastructure. With TXO’s global scale, our team will have greater resources to grow, invest, and innovate. We’ve always focused on performance, transparency, and strong partnerships—and together, we’ll bring those values to even more customers worldwide.”
This latest development supports TXO’s long-term strategy to build a global circular economy. The TXO Group now includes more than 450 specialists across five continents. This growing network enhances the group’s ability to maximise return on capital for clients, transforming how technology is sourced, deployed, reused, and returned to value, helping customers reduce costs, minimise waste, and achieve their own sustainability goals.
Houlihan Lokey acted as financial advisor to TXO and TowerBrook on the transaction. This deal marks another essential milestone in Houlihan Lokey’s circular tech and IT services expertise, strengthening its positioning as a leading M&A advisor in the space.