Frontenac Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Frontenac has acquired 7 companies. It has also invested in 1 other.

Frontenac’s most common sectors for investment areinformation technology (14%) and business services (14%) . The Firm’s most common investment types include recapitalization (36%) and buyout (lbo, mbo, mbi) (32%). In total, Frontenac has invested in 24 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2001 when it acquired Nth Degree for $150M.

In the last 3 years, Frontenac has exited 6 companies. The Firm’s most common exit type is trade sale (38%). Frontenac’s largest (disclosed) exit occurred in 1999 when it sold Platinum Technology International for $3.5B.

Join Mergr to view Frontenac’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity135
    • M&A Buy Activity76
    • M&A Sell Activity59
  • Total Sectors Invested 21
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 41
  • M&A Advisors 7

Frontenac

Frontenac Company LLC

One South Wacker Suite 2980,
Chicago, Illinois 60606
United States
(312) 368-0044
www.frontenac.com
info@frontenac.com

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


Investment Criteria

Sectors of Interest: Business Services, Communications, Distribution, Education, Energy Services and Equipment, Engineering, Financial Services, Food, Healthcare Services, Information Technology, Insurance, Manufacturing, Marketing, Media, Medical Products, Packaging, Publishing, Restaurants, Retail, Software, Staffing, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 25
Investment Size 25 75
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 64 4 4 3 1 - 76
vol $305M $305M
Sell (1.4/yr) # 52 1 3 1 2 - 59
vol $5.7B $189M $5.9B
  135

Most Recent M&A

Company Date Value Type
Bearing Engineers, Inc. 2023-11-14 189M USD Trade Sale
Aliso Viejo, California · www.motionsolutions.com
Chan & Chan, Inc. 2023-10-19 - Recapitalization
Bethlehem, Pennsylvania · www.chanchaninc.com
Excellarate 2023-01-26 - Trade Sale
Wayne, Pennsylvania · www.excellarate.com
CertainPath 2022-11-10 - Recapitalization
Addison, Texas · www.mycertainpath.com
Zipline Logistics 2022-10-20 - Growth Capital
Columbus, Ohio · www.ziplinelogistics.com
Spice Chain Corporation 2022-09-20 - Trade Sale
East Brunswick, New Jersey · www.spicechain.com
Dealer Services Network LLC 2022-03-29 - Recapitalization
Deerfield Beach, Florida · www.dsn.net
TPC Training 2021-12-02 - Trade Sale
Buffalo Grove, Illinois · www.tpctraining.com
RCG Global Services, Inc. 2021-11-10 - Secondary Buyout
Iselin, New Jersey · www.rcgglobalservices.com
Engineered Fastener Co. 2021-11-03 - Secondary Buyout
St. Louis, Missouri · www.efc-intl.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Newterra Ltd. 2020-11-02 Fluence - Aeromix Aeration & Mixing Portfolio 2024-02-05 3
Brockville, Ontario · www.newterra.com Minneapolis, Minnesota
Motion & Control Enterprises LLC 2018-10-01 Filter Resources, Inc. 2023-12-05 16
Zelienople, Pennsylvania · www.mceautomation.com Pasadena, Texas · www.filterresources.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services - - 10 (13%) 180M (59%)
Information Technology 2 (15%) - 10 (13%) -
Distribution 2 (15%) - 9 (12%) -
Food 3 (23%) - 9 (12%) -
Healthcare Services - - 7 (9%) -
Education 1 (8%) - 4 (5%) -
Marketing - - 3 (4%) 125M (41%)
Insurance - - 3 (4%) -
Software - - 3 (4%) -
Consumer Products 1 (8%) - 2 (3%) -
Consumer Services - - 2 (3%) -
Information Services 2 (15%) - 2 (3%) -
Media - - 2 (3%) -
Medical Products - - 2 (3%) -
Restaurants - - 2 (3%) -
Communications - - 1 (1%) -
Environmental 1 (8%) - 1 (1%) -
Manufacturing - - 1 (1%) -
Packaging - - 1 (1%) -
Staffing - - 1 (1%) -
Transportation 1 (8%) - 1 (1%) -
Total 13 - 76 $305M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (85%) - 72 (95%) 305M (100%)
  California 1 (8%) - 12 (16%) -
  New Jersey 2 (15%) - 6 (8%) 125M (41%)
  Texas 1 (8%) - 5 (7%) -
  Pennsylvania 2 (15%) - 4 (5%) -
  Florida 1 (8%) - 4 (5%) 30M (10%)
  Missouri 1 (8%) - 4 (5%) -
  Tennessee - - 4 (5%) -
  Illinois - - 4 (5%) -
  Georgia - - 3 (4%) 150M (49%)
  Virginia - - 3 (4%) -
  New York - - 3 (4%) -
  Kentucky - - 3 (4%) -
  Connecticut - - 3 (4%) -
  Ohio 1 (8%) - 2 (3%) -
  Michigan 1 (8%) - 2 (3%) -
  Maine 1 (8%) - 1 (1%) -
  Wisconsin - - 1 (1%) -
  Utah - - 1 (1%) -
  North Carolina - - 1 (1%) -
  Minnesota - - 1 (1%) -
  Indiana - - 1 (1%) -
  Hawaii - - 1 (1%) -
  District of Columbia - - 1 (1%) -
  Colorado - - 1 (1%) -
Canada 2 (15%) - 2 (3%) -
  Ontario 2 (15%) - 2 (3%) -
Germany - - 1 (1%) -
Ireland - - 1 (1%) -
Domestic 11 (85%) - 72 (95%) 305M (100%)
Cross-border 2 (15%) - 4 (5%) -
Total 13 - 76 $305M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Recapitalization 9 (69%) - 27 (36%) -
Buyout (LBO, MBO, MBI) - - 24 (32%) 305M (100%)
Stake Purchase - - 12 (16%) -
Secondary Buyout 3 (23%) - 8 (11%) -
Growth Capital 1 (8%) - 3 (4%) -
Consolidation - - 2 (3%) -
Total 13 - 76 $305M

Exits by Deal Type

Type Total # Value
Trade Sale 21 (36%) 427M (8%)
Trade Sale - Public Company 13 (22%) 5.1B (92%)
Secondary Sale 13 (22%) -
IPO 6 (10%) -
Merger 3 (5%) -
Bankruptcy 1 (2%) -
Sold to Existing Investors 1 (2%) -
Unknown 1 (2%) -
Total 59 $5.5B

Top M&A Advisors

Financial Deals
Houlihan Lokey
 1
Harris Williams & Co.
 1
Legal Deals
Honigman
 5
Katten Muchin Rosenman
 3
Kirkland & Ellis
 2

Deal Values

buy # Total
$100M to $1B 2 $275M
< $100M 1 $30M
TOTAL $305M
Largest Nth Degree, Inc.
$150M (2001-04-19)
sell # Total
> $1B 1 $3.5B
$100M to $1B 8 $1.9B
< $100M 7 $498M
TOTAL $5.9B
Largest Platinum Technology International, Inc.
$3.5B (1999-05-28)

M&A Connections

Deals
Acquired from
Investor(s)
13%
10 (13%)
Strategic(s)
1%
1 (1%)
Exited to
Investor(s)
20%
12 (20%)
Strategic(s)
42%
25 (42%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

2.1B USD

Established

1971

Specialist/Generalist

Generalist

Leadership

Paul Carbery

Managing Partner

Walter Florence

Managing Partner

Elizabeth Williamson

Managing Director

Joseph Rondinelli

Managing Director

Michael Langdon

Managing Director

FAQ

When was Frontenac founded?

Frontenac was founded in 1971.

What type of investor is Frontenac?

Frontenac is a private equity firm.

Where is Frontenac headquartered?

Frontenac is headquartered in Chicago, Illinois.

How much capital does Frontenac have under management?

Frontenac has 2.1B USD under management.

 Subscribe to unlock this and 200,109
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 191K M&A Transactions
  • 196K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal