M&A Deal Summary

Frontenac Acquires RCG Global Services

On November 10, 2021, private equity firm Frontenac acquired information technology company RCG Global Services from Eos

Acquisition Highlights
  • This is Frontenac’s 10th transaction in the Information Technology sector.
  • This is Frontenac’s 68th transaction in the United States.
  • This is Frontenac’s 6th transaction in New Jersey.

M&A Deal Summary

Date 2021-11-10
Target RCG Global Services
Sector Information Technology
Buyer(s) Frontenac
Sellers(s) Eos
Deal Type Secondary Buyout
Advisor(s) Clearsight Advisors, Inc. (Financial)
Winston & Strawn (Legal)

Target

RCG Global Services

Iselin, New Jersey, United States
RCG Global Services provides end-to-end digital transformation and managed services via its U.S., Philippines, and India-based workforce that serves customers in the financial and insurance services, consumer, and healthcare sectors. RCG Global Services was founded in 1974 and is based in Iselin, New Jersey.

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Buyer(S) 1

Buyer

Frontenac

Chicago, Illinois, United States

Investor 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 72 of 79
Sector (Information Technology) 10 of 11
Type (Secondary Buyout) 8 of 8
State (New Jersey) 6 of 6
Country (United States) 68 of 75
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 EFC International

St. Louis, Missouri, United States

EFC International is a distributor of highly-engineered specialty fasteners to the automotive and industrial end-markets. EFC International was founded in 1983 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 TPC

Buffalo Grove, Illinois, United States

TPC engages in maintenance, repair, and operator training, with complete solutions for a 21st-century workforce to acquire, apply, and adapt essential technical and safety skills. TPC Training offers a complete portfolio of innovative industrial skills training methods, including online, live Instructor, VR, and innovative on-the-job simulations to fit every need and budget. TPC was founded in 1969 and is based in Buffalo Grove, Illinois.

Sell -

Seller(S) 1

SELLER

Eos

New York, New York, United States

Category Asset Manager
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Eos is an investment firm with strategies covering private equity, public equity, and credit markets. The Firm targets businesses generating sales of $25 to $500 million and EBITDA of $5 to $50 million. Eos invests in businesses under-going ownership changes, divestitures, management buyouts or and recapitalizations. The Firm invests up to $100 million per transaction. Target sectors include business/outsourced services, alternative media/marketing, healthcare services, transportation/logistics, infrastructure/environmental services, energy, and financial services. Eos was formed in 1994 and is based in New York City.


DEAL STATS #
Overall 23 of 25
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 5 of 6
State (New Jersey) 1 of 1
Country (United States) 23 of 25
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Residential Mortgage Services

South Portland, Maine, United States

Residential Mortgage Services is an independent, privately held, and direct lender of residential mortgage products and RMS loan officers have direct access to a full spectrum of integrated loan processing, underwriting, and direct lending services all under one roof.

Sell $197M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Metasource

Draper, Utah, United States

Metasource is a provider of technology-enabled BPO services with a focus on the financial services, healthcare, and retail industries. MetaSource offers a full range of services, including document processing, customer care, and content management solutions delivered via premise-based and SaaS-based platforms designed to help customers achieve organizational efficiencies, cost savings, and other strategic benefits. Metasource was founded in 2007 and is based in Draper, Utah.

Buy -