M&A Deal Summary

Frontenac Acquires Scholarus Learning

On January 30, 2020, private equity firm Frontenac acquired information services company Scholarus Learning

Acquisition Highlights
  • This is Frontenac’s 1st transaction in the Information Services sector.
  • This is Frontenac’s 64th transaction in the United States.
  • This is Frontenac’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2020-01-30
Target Scholarus Learning
Sector Information Services
Buyer(s) Frontenac
Deal Type Recapitalization
Advisor(s) East Wind Advisors (Financial)
Dickinson Wright (Legal)

Target

Scholarus Learning

Livonia, Michigan, United States
Scholarus Learning offers administrators and educators a range of professional services, survey and diagnostic tools, and custom content and publishing services. Scholarus Learning is based in Livonia, Michigan.

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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 66 of 79
Sector (Information Services) 1 of 2
Type (Recapitalization) 21 of 29
State (Michigan) 2 of 2
Country (United States) 64 of 75
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 La Tavola Fine Linen Rental

Napa, California, United States

La Tavola is a linen rental company for weddings, private parties, and special/corporate events. The company is known for its extensive selection of quality on-trend fabrics, designs, and colors, and serves clients across the entire country. La Tavola showrooms are currently located in Beverly Hills, Corona Del Mar, Dallas, Los Gatos, Napa, Sacramento, San Francisco, Santa Barbara, and Scottsdale.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 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. Integris 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.

Buy -
Mergr

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Company

Legal