M&A Deal Summary

BV Investment Partners Acquires Frontline Managed Services

On February 1, 2019, private equity firm BV Investment Partners acquired business services company Frontline Managed Services from Northstar Capital and Dominus Capital

Acquisition Highlights
  • This is BV Investment Partners’ 7th transaction in the Business Services sector.
  • This is BV Investment Partners’ 37th transaction in the United States.
  • This is BV Investment Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2019-02-01
Target Frontline Managed Services
Sector Business Services
Buyer(s) BV Investment Partners
Sellers(s) Northstar Capital
Dominus Capital
Deal Type Recapitalization

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

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 40 of 60
Sector (Business Services) 7 of 10
Type (Recapitalization) 9 of 9
State (Georgia) 1 of 1
Country (United States) 37 of 56
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 RKD Group

Richardson, Texas, United States

RKD Group is a provider of omnichannel fundraising and marketing services for the nonprofit sector. RKD Group has raised billions of dollars for its clients and currently serves over 260 nonprofit organizations, within segments such as hospitals, social service, health, disease research, animal welfare, and faith-based charities. RKD Group was founded in 1970 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Franco Signor

Bradenton, Florida, United States

Franco Signor LLC is a provider of Medicare Secondary Payer (MSP) Compliance. Franco Signor’s proprietary solution leverages sophisticated technology and deep industry experience to deliver best-in-class services including: Mandatory Insurer Reporting, Conditional Payment/Lien Resolution, Medicare Set-Aside Allocations, and Post-Settlement Administration. Franco Signor was founded in 2009 and is based in Bradenton, Florida.

Buy -

Seller(S) 2

SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 47 of 80
Sector (Business Services) 6 of 10
Type (Recapitalization) 1 of 2
State (Georgia) 5 of 5
Country (United States) 46 of 76
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Trident Solutions

Sherman, Texas, United States

Trident Solutions is a manufacturer of commercial marking products and customized vinyl films. Since the company’s inception, it has been creating products for a variety of end markets including the electrical, plumbing, utilities, forestry, surveying and irrigation industries. Trident was established in 1942 and is based in Sherman, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Mosquito Control Services

Metairie, Louisiana, United States

Mosquito Control Services is a provider of mosquito abatement programs for municipal and commercial clients. Mosquito Control Services is based in Metairie, Louisiana.

Sell -
SELLER

Dominus Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 410M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dominus Capital is a private equity firm that targets middle market companies throughout North America. The Firm focuses on companies with defensible market positions, strong free cash flows and margins, untapped growth potential, and 'exceptional' management. Dominus seeks companies generating EBITDA of at least $10 million. Areas of interest include building products, business services, consumer products and services, distribution, food production and services, light manufacturing, restaurants, specialty chemicals and specialty retail. Dominus will consider a variety of transactions types, including buyouts and recapitalizations. Dominus Capital was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 6 of 10
Sector (Business Services) 1 of 1
Type (Recapitalization) 1 of 1
State (Georgia) 2 of 3
Country (United States) 6 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 W.F. Taylor

Dalton, Georgia, United States

W.F. Taylor LLC is a manufacturer and marketer of flooring adhesives and related products. W.F. Taylor LLC was founded in 1977 and is based in Dalton, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Surface Preparation Technologies

New Kingstown, Pennsylvania, United States

Surface Preparation Technologies is a provider of rumble strips and related critical roadway safety services. Surface combines 30+ years of roadway infrastructure expertise and a fleet of proprietary, technologically advanced equipment. Surface Preparation Technologies was founded in 1988 and is based in New Kingstown, Pennsylvania.

Buy -