Frontline Managed Services Sold to Broad Sky Partners

Deal News | Dec 16, 2024 | BV Investment Partners

BV Investment Partners, a private equity firm known for its investments in tech-enabled business services and IT sectors, has announced the sale of Frontline Managed Services to Broad Sky Partners, marking a significant transaction in the managed services space targeted at the legal industry. Established in 1987, Frontline Managed Services has grown to become one of the leading providers of managed services for legal firms globally. This move aligns with BV's strategy of divesting mature assets for capital reallocation. The transaction underscores the growing demand for specialized managed services in the legal sector, as Broad Sky Partners aims to leverage Frontline's leading position to further expand its market presence.

Sectors

Private Equity
Managed Services
Legal Services

Geography

United States – BV Investment Partners is based in Boston, and the transaction involves Frontline Managed Services, a company operating globally from the US.

Industry

Private Equity – The article discusses a significant transaction involving a private equity firm, BV Investment Partners, highlighting its investment strategy.
Managed Services – Frontline Managed Services operates within the managed services sector, specifically catering to the legal industry.
Legal Services – The acquisition focuses on a company that provides managed services tailored for legal firms, indicating relevance to the legal services sector.

Financials

Participants

Name	Role	Type	Description
BV Investment Partners	Selling Company	PE Firm	A middle-market private equity firm specializing in tech-enabled business services, software, and IT services sectors.
Frontline Managed Services	Target Company	Company	One of the largest global providers of managed services for the legal industry.
Broad Sky Partners	Bidding Company	Company	The acquiring entity purchasing Frontline Managed Services from BV Investment Partners.