Frontline Managed Services Sold to Broad Sky Partners by BV Investment Partners
Deal News | Dec 16, 2024 | BV Investment Partners
BV Investment Partners, a private equity firm specializing in tech-enabled business services and IT sectors, has announced the sale of Frontline Managed Services to Broad Sky Partners. Frontline Managed Services is recognized as one of the largest managed service providers for the legal industry globally. BV Investment Partners, founded in 1987, has a history of investing in middle-market companies, particularly those providing software and IT services. The sale represents a strategic divestment by BV as it continues to focus on its core investment areas. Broad Sky Partners, the buyer, is expected to leverage Frontline's expertise and market position to expand its reach in the legal services sector.
Sectors
- Private Equity
- Managed Services
- Legal Services
Geography
- United States – The article is centered around BV Investment Partners, which is headquartered in Boston, and the transaction involving Frontline Managed Services.
Industry
- Private Equity – The article discusses a transaction facilitated by BV Investment Partners, a private equity firm, indicating activity within the private equity sector.
- Managed Services – Frontline Managed Services is a provider of technology solutions and services, highlighting the relevance of the managed services industry.
- Legal Services – Frontline Managed Services specializes in managed services for the legal industry, underpinning the relevance to the legal services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BV Investment Partners | Seller | Company | A middle-market private equity firm focused on tech-enabled business services, software, and IT services. |
| Frontline Managed Services | Target | Company | One of the world’s largest providers of managed services aimed at the legal industry. |
| Broad Sky Partners | Buyer | Company | The acquiring company of Frontline Managed Services. |