M&A Deal Summary

Broad Sky Partners Acquires Frontline Managed Services

On December 11, 2024, private equity firm Broad Sky Partners acquired business services company Frontline Managed Services from BV Investment Partners

Acquisition Highlights
  • This is Broad Sky Partners’ 3rd transaction in the Business Services sector.
  • This is Broad Sky Partners’ 8th transaction in the United States.
  • This is Broad Sky Partners’ 2nd transaction in Georgia.

M&A Deal Summary
Date 2024-12-11
Target Frontline Managed Services
Sector Business Services
Buyer(s) Broad Sky Partners
Sellers(s) BV Investment Partners
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Ropes & Gray (Legal)

Target

Frontline Managed Services

Atlanta, Georgia, United States
Frontline Managed Services is a provider of business process outsourcing to the legal and accounting markets. Frontline Managed Services specializes in white glove IT help desk support, IT Managed Services (Development, Infrastructure, Engineering, and Legacy Software Support), Managed Financial Services (e-billing processing, accounts receivable management, and cash application), and training and education through its e-learning platform. Frontline Managed Services was founded in 1987 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Broad Sky Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Middle-Market
Type Sector Focused
DESCRIPTION

Broad Sky Partners is a private equity firm that invests in middle-market companies operating in the media, communications, business services, and consumer products sectors. The Firm will consider both majority or minority positions and looks to commit $50 to $250 million per transaction. Broad Sky Partners was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 8 of 8
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 3 of 3
State (Georgia) 2 of 2
Country (United States) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Punctual Pros

Lancaster, Pennsylvania, United States

Punctual Pros is an operator of one-hour heating & air conditioning, Benjamin Franklin plumbing, and Mister Sparky electrical franchise servicing central Pennsylvania. Punctual Pros is based in Lancaster, Pennsylvania.

Buy -

Seller(S) 1

SELLER

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 29 of 29
Sector (Business Services) 5 of 5
Type (Secondary Buyout) 10 of 10
State (Georgia) 2 of 2
Country (United States) 28 of 28
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 Risk International

Fairlawn, Ohio, United States

Risk International is a provider of outsourced risk management and employee benefits advisory and information services for Fortune 500 and upper middle-market and large-cap enterprises, including portfolio companies of many highly-regarded private equity firms. Risk International was founded in 1986 and is based in Fairlawn, Ohio.

Sell -
Mergr

Product

Company

Legal