Frontenac Company - A Chicago-Based Private Investment Firm

[-] Profiles

OVERVIEW
SI International provided IT services, outsourcing, consulting, applications development and performance support to federal government agencies, especially in the areas of defense and intelligence.

CEO1ST PARTNER(S)
Ray Oleson (Chairman) spent most of his career in the federal government IT services industry with CACI, SASC, CSC and Sperry-Univac. Brad Antle (President and CEO) previously led an engineering group at Lockheed Martin. We subsequently partnered with them again to form Salient Federal Solutions, which completed its initial acquisition in 2010.

STATUS
Investment to complete initial acquisitions, 1998

From 1999-2008, acquired and integrated nine companies

Following IPO in 2002, completed two secondary offerings, raising nearly $250 million in public and private equity

Acquired by Serco Group in 2008 in an all-cash transaction at a $525 million enterprise value

“Frontenac brings a long-term perspective that is rare among private equity investors.” - Ray Oleson, CEO1ST Partner