M&A Deal Summary

Frontenac Acquires Crom

On February 3, 2025, private equity firm Frontenac acquired construction company Crom from Sciens Water Opportunities Fund

Acquisition Highlights
  • This is Frontenac’s 1st transaction in the Construction sector.
  • This is Frontenac’s 76th transaction in the United States.
  • This is Frontenac’s 5th transaction in Florida.

M&A Deal Summary

Date 2025-02-03
Target Crom
Sector Construction
Buyer(s) Frontenac
Sellers(s) Sciens Water Opportunities Fund
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Crom

Gainesville, Florida, United States
Crom is a provider of pre-stressed concrete water tank design and construction services to water and wastewater customers, primarily in the southeastern United States and select international locations. Crom has built more than 4,000 tanks for municipalities and private sector customers. With tank capacities ranging from a few hundred thousand gallons to several million gallons, crom tanks are suitable for diverse function,s including potable and reuse water storage, wastewater treatment, thermal storage, flow equalization, and industrial storage and treatment. Crom was founded in 1953 and is based in Gainesville, Florida.

Search 205,449 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 80 of 80
Sector (Construction) 1 of 1
Type (Secondary Buyout) 9 of 9
State (Florida) 5 of 5
Country (United States) 76 of 76
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Integris

Cranbury Township, New Jersey, United States

Integris is a managed IT services provider, dedicated to helping our customers stay one step ahead of their IT infrastructure and data safety needs. The company offers strategic IT consulting services, hardware and software management, networking, a 24/7 service desk, on-site troubleshooting/installations, cybersecurity monitoring, backup solutions, and more. Integris was founded in 1997 and is based in Cranbury Township, New Jersey.

Sell -

Seller(S) 1

DESCRIPTION

Sciens Water manages an alternative investment fund focused on control investments in private US companies involved in water infrastructure. Specifically, the Firm looks to invest in utilities, water transmission and distribution, and wastewater treatment and recycling. Sciens Water was established in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-05 Crom

Gainesville, Florida, United States

Crom is a provider of pre-stressed concrete water tank design and construction services to water and wastewater customers, primarily in the southeastern United States and select international locations. Crom has built more than 4,000 tanks for municipalities and private sector customers. With tank capacities ranging from a few hundred thousand gallons to several million gallons, crom tanks are suitable for diverse function,s including potable and reuse water storage, wastewater treatment, thermal storage, flow equalization, and industrial storage and treatment. Crom was founded in 1953 and is based in Gainesville, Florida.

Buy -