Trending...
- New Middle East Partnership for up to $40 Million Supporting Entry Into Emerging Global MOBA Digital Game Arena: NIP Group (Stock Symbol: NIPG)
- Profitable Exciting New Entry Into Emerging Global MOBA Digital Game Arena, Plus New Strategic Partnership with The9 Limited: NIP Group; Stock: NIPG
- City of St. Louis Recognized as One of the Nation's Digital Inclusion Trailblazers
BOSTON, Dec. 11, 2024 ~ BV Investment Partners (BV), a private equity firm specializing in the tech-enabled business services, software, and IT services sectors, has announced the sale of Frontline Managed Services to Broad Sky Partners. The sale marks a significant milestone for Frontline, one of the world's largest providers of managed services specifically designed for the legal industry.
Founded in 1987, Frontline has established itself as a leading global provider of white glove managed IT services and revenue cycle management solutions for over 800 law firms. With headquarters in St. Louis and over 1,000 employees worldwide, including locations in the US, Canada, Europe, and Asia, Frontline has solidified its position as a trusted advisor to law firms.
Seelin Naidoo, Chief Executive Officer of Frontline, expressed his gratitude for BV's role in the company's growth over the past five years. He credited BV's operational experience and industry expertise for helping to institutionalize and professionalize the company while strengthening its standing in the industry. Naidoo also highlighted Frontline's technology and solutions that have helped clients become more efficient and increase profitability.
More on Missouriar
Matt Kinsey, Managing Partner at BV Investment Partners, shared his confidence in Frontline's potential for success under new ownership. He stated that BV's investment was based on their belief that they could create a differentiated market leader that would enhance customer success and establish a platform for future growth through mergers and acquisitions. During BV's ownership of Frontline, they worked closely with Naidoo and his team to invest further in the business, strengthen senior leadership and sales teams, and complete four strategic acquisitions.
Sam Axelrod, Principal at BV Investment Partners, echoed Kinsey's sentiments about their partnership with Frontline's management team. He praised their dedication to scaling the business and expanding service offerings into new geographies. Axelrod also expressed confidence in Frontline's future prospects as there is still significant market opportunity ahead.
The terms of the transaction were not disclosed. Guggenheim acted as the exclusive sell-side advisor, and Ropes & Gray served as legal advisor to Frontline and BV on this transaction. With the sale to Broad Sky Partners, Frontline is poised for continued growth and success in the legal industry.
Founded in 1987, Frontline has established itself as a leading global provider of white glove managed IT services and revenue cycle management solutions for over 800 law firms. With headquarters in St. Louis and over 1,000 employees worldwide, including locations in the US, Canada, Europe, and Asia, Frontline has solidified its position as a trusted advisor to law firms.
Seelin Naidoo, Chief Executive Officer of Frontline, expressed his gratitude for BV's role in the company's growth over the past five years. He credited BV's operational experience and industry expertise for helping to institutionalize and professionalize the company while strengthening its standing in the industry. Naidoo also highlighted Frontline's technology and solutions that have helped clients become more efficient and increase profitability.
More on Missouriar
- Windsor Brokers Launches 2% Interest on all Trading Accounts
- JAS Canvases Now Available Online
- City of Columbia accepting applications for boards and commissions
- Springfield: Pinnacle on the Park public hearing Jan. 29
- City of Columbia hosts transit job fair, Jan. 25
Matt Kinsey, Managing Partner at BV Investment Partners, shared his confidence in Frontline's potential for success under new ownership. He stated that BV's investment was based on their belief that they could create a differentiated market leader that would enhance customer success and establish a platform for future growth through mergers and acquisitions. During BV's ownership of Frontline, they worked closely with Naidoo and his team to invest further in the business, strengthen senior leadership and sales teams, and complete four strategic acquisitions.
Sam Axelrod, Principal at BV Investment Partners, echoed Kinsey's sentiments about their partnership with Frontline's management team. He praised their dedication to scaling the business and expanding service offerings into new geographies. Axelrod also expressed confidence in Frontline's future prospects as there is still significant market opportunity ahead.
The terms of the transaction were not disclosed. Guggenheim acted as the exclusive sell-side advisor, and Ropes & Gray served as legal advisor to Frontline and BV on this transaction. With the sale to Broad Sky Partners, Frontline is poised for continued growth and success in the legal industry.
Filed Under: Business
0 Comments
Latest on Missouriar
- OneSolution® Dental Implant Centers Celebrates Over 15,000 Successful Full-Arch Cases
- Des Moines Home Buyers, LLC: Trusted Professionals Offering Cash for Houses Since 2006
- Springfield: Historic City Hall rehabilitation to move into construction phase in February
- K2 Integrity Appoints Jason Straight as Senior Managing Director for Cyber Resilience and Digital Risk Advisory Practice
- Columbia: Conley Road nightly closure for storm pipe replacement, Jan. 22-25
- WILsquare Capital Announces Promotions of Andrew Scharf and Matthew Padgett
- 7 years ago a vision was born. Today 700+ clients are thriving with Cyntexa's expertise
- Infinity Garage Door Repair Offers 24/7 Emergency Service & Smart Home Upgrades in Las Vegas
- SlotCycle Raises $5.6M to Transform Secondary Gaming Equipment Market, Led by Discerning Capital
- Integris Composites Debuts its Concealed Response Shield System; 'Situational Armor' for Active-Shooter Responders When Seconds Count
- St. Louis: City Leaders Find Unity, Move Forward with Amended Rams Settlement Legislation
- FOLKS Expands With The Launch Of FOLKS USA
- STL Chapter of the Association of Corporate Counsel Celebrates a Year of Growth and Achievement
- City of Springfield, MO encourages compliance with Missouri's new hands-free law starting Jan. 1
- Safe Night Partners With Simsi To Offer A New Certification For Proactive Alliance With Rutgers University
- AI Technology Advances in 2025, Fully Automated Solutions Reach the Investment World
- Olin - Winchester to Acquire Ammunition Assets of AMMO, Inc.
- The One Experience™, Inc. Announces Inspiring Lineup of Pathway Guides for The One 2025 Event
- Columbia Police respond to shots fired on West Worley, Jan. 19
- Columbia Fire Department responds to a structure fire, Jan. 18