Frontenac Company, a leading private equity firm focused on investing in lower middle market, family-held or owner-operated businesses, today announced that it has completed a new platform investment with the recapitalization of Van de Vries Spice Corporation and acquisition of SpiceCo. This represents the fifth platform investment in Frontenac X. Financial terms of the transactions were not disclosed.
February 10, 2015
Frontenac has teamed with long-time BASF executive, Jay Kline. Most recently, Jay served as Global Vice President, Kennametal and President & COO, Tekni-Plex. We are seeking opportunities in the specialty chemicals space. Example end markets of interest include but are not limited to adhesives and sealants, coatings, construction, contract manufacturing, electronics, flavor and fragrance, oilfield, personal care, polymer modifiers and additives, surface actives, and water treatment.
January 20, 2015
Frontenac Company today announced that it has completed the majority recapitalization of GNAP, LLC, a leading specialty abrasives distributor. This is Frontenac’s fourth investment from its tenth investment fund, which closed in 2014.
January 07, 2015
Cloud Star announced it is merging with the Tiki brands of Petropics Gourmet Whole Foods, a leader in the gourmet pet food category.
January 06, 2015
Ohio Transmission Corporation (OTC), a leading distributor of motion control and related products and services with 20+ branch locations, has acquired Ohlheiser Corporation, a technical distributor of pneumatic, vacuum, robotic and industrial automation products. Operating out of Newington, CT, Ohlheiser expands OTC’s presence in the northeast and with key customers and vendors.
December 04, 2014
Frontenac has teamed with Chris Curtis, former President and CEO of Schneider Electric, North America. We are seeking opportunities in the electrical power, distribution equipment and control space. Targeted capabilities of a platform company include electrical or industrial products manufacturing, distribution and / or services.
November 13, 2014
SHOREVIEW, Minn. – October 23, 2014 –Deluxe Corporation (NYSE: DLX) today announced the acquisition of Wausau Financial Systems (WAUSAU), a market share leader in receivables management for commercial banks and major corporations.
October 23, 2014
Portfolio Group, a provider of outsourced financial services to automobile dealerships, specializing in aftermarket, extended warranty and vehicle service contract programs, has acquired G-W Holdings, a leading managing general agent of automotive financial services products. The acquisition of G-W Holdings further strengthens Portfolio Group’s sales channel as well as dealer and agent relationships.
September 30, 2014
Frontenac Co., an early investor in Chipotle Mexican Grill Inc., is betting that health-conscious consumers want to feed their pets the kind of fresh food they feed themselves. That’s the basis behind the firm’s deal for pet products company Cloud Star Corp., a maker of “all natural” pet treats and products.
July 16, 2014
Frontenac Company today announced that it has completed the majority recapitalization of Cloud Star Corporation to support the growth plans of this producer of natural and wholesome pet products. Financial terms of the private transaction were not disclosed.
July 15, 2014
Frontenac Company today announced the final closing of its tenth private equity fund, Frontenac X Private Capital, L.P., at the target of $250 million. Frontenac X Private Capital is off to a fast start, having completed two
investments and already returned more than 50 percent of the fund’s invested
capital to date through dividend recapitalizations at both companies.
July 10, 2014
Frontenac has teamed with Doug Thompson, former CEO of MedData and prior to that the Chairman and CEO of Avolent and Open-C Solutions. We are seeking billing and payment services opportunities
focused on the healthcare revenue cycle. Targeted capabilities of a platform company would include patient-focused payments, communication and/or care coordination. We are also interested in billing and payment services opportunities in other verticals.
July 01, 2014
BHG, which provides outpatient substance abuse treatment services, has acquired Comprehensive Addiction Treatment Services (“CATS”). BHG has merged its existing Denver clinic into CATS to improve service and treatment accessibility for patients. BHG is the leading private pay provider in the Denver market.
June 02, 2014
Frontenac has teamed with Tom Burlin, former COO of Affiliated Computer Services (ACS) and prior to that General Manager and Partner of IBM’s US Federal Government Industry Group. We are seeking a business process outsourcing opportunity that could serve as a platform company. End markets of particular interest include health care, public safety/government and financial services.
June 01, 2014
F+W (formerly F+W Media) is an enthusiast content business with a portfolio of media, ecommerce sites, online education, events, retail locations and direct-to-consumer catalog business. Frontenac originally invested in Aspire Media in 2005 and sold Aspire to F+W in 2012, retaining a minority stake. Frontenac completed its exit when Tinicum L.P. and affiliated funds closed a majority investment in F+W.
May 05, 2014
Diversified Maintenance, which provides outsourced janitorial and facilities maintenance services, acquired Rite Way Service. The acquisition enhances Diversified’s geographic presence in the southeast and further broadens its service offering and industry specialties.
March 19, 2014
Frontenac has teamed with John Barrett, former Vice Chairman of SMS Assist and 30-year facilities maintenance services executive, to target investments in technology-enabled companies. Focus includes software-based businesses selling into industrial, commercial, institutional and residential industries. Prior to SMS Assist, Barrett was CEO of Kimco, a building maintenance services firm, and CEO & President of Eurest Services, the facilities maintenance services division of The Compass Group.
March 10, 2014
Ohio Transmission Corporation (OTC), a leading distributor of motion control and related products and services with 20+ branch locations, has acquired Advanced Industrial Products (AIP), a technical distributor of industrial automation products, robotics and MRO components. With four branch offices, AIP expands OTC’s presence in the southeast and with key customers.
February 28, 2014
Frontenac has teamed with Joe Eichelberger, former CEO of Industrial Controls, to target investments in the industrial distribution space. Specific areas of interest include automated valves, electronic instrumentation, plastic or rubber gaskets, industrial automation and specialty tools. Prior to Industrial Controls, Eichelberger held various general management and leadership positions at Siemens and Johnson Controls.
February 04, 2014
BHG, which provides outpatient substance abuse treatment services, acquired Bowling Green Professional Associates, bringing its total clinic count to 35 locations. The acquisition builds BHG’s presence in Kentucky, a state at the epicenter of demand for opioid addiction treatment.
November 27, 2013
BHG, which provides outpatient substance abuse treatment services, has appointed Jay Higham as CEO. He brings over 25 years of experience in the healthcare industry and most recently led the successful expansion of IntegraMed, an operator of fertility clinics and vein clinics. He was named Ernst & Young New York Region Entrepreneur of the Year in 2008.
November 20, 2013
BHG, which provides outpatient substance abuse treatment services, acquired Midsouth Treatment Center in Dyersburg, bringing its total clinic count to 31 locations. The acquisition enhances BHG’s leadership in the Tennessee market and offers a critical care access point in its strategic location between two urban centers.
October 21, 2013
Frontenac has completed the recapitalization of Ohio Transmission Corporation (OTC) in partnership with its founding owners and CEO1ST partner Bob Grubbs, who will serve as Chairman. OTC is a family- and employee-owned distributor of motion control and related products and services, addressing a wide range of industrial end-markets from 18 branch locations. This represents the second investment in Frontenac’s 10th investment fund.
July 25, 2013
BHG, which provides outpatient substance abuse treatment services, acquired Recovery of Columbia, bringing its total clinic count to 29 locations and strengthening its position in the Tennessee market.
April 01, 2013
Frontenac has teamed with Pat Mulhern, former President of Monarch Foods, a $6 billion private brands business within U.S. Foods. He was also a founding partner of Vistar, a major foodservice distributor. Frontenac and Mulhern are targeting foodservice investments where Mulhern can act as CEO or lead director, with a particular focus on value-added produce businesses, including seasonings, dressings and sauces; private label foods; and food safety and traceability.
March 01, 2013
Frontenac has completed the recapitalization of Portfolio Group in partnership with founding owners and CEO1ST partner Tom Dattilo, who will serve as Chairman. Portfolio Group is a leading provider of outsourced financial services to automobile dealerships, specializing in aftermarket, extended warranty and vehicle service contract programs. This represents the first investment in Frontenac’s 10th investment fund, Frontenac X Private Capital Limited Partnership, a fund formed in 2012.
December 31, 2012
BHG, which provides substance abuse treatment services, acquired five clinics in Texas and Kentucky, bringing its total clinic count to 28 locations. The two Texas clinics establish a BHG presence in the greater Houston area. The three Kentucky clinics strengthen BHG’s presence in the region and further diversify BHG’s outpatient treatment services.
December 18, 2012
Salient, which provides IT and engineering services to federal agencies, has acquired LIST Innovative Solutions. LIST is a provider of application software solutions to the Federal government, with strong growth as a prime contractor and complementary capabilities in the federal civilian market.
November 13, 2012
F&W Media has acquired Aspire Media, a leading multiplatform print and digital art and craft enthusiast media company. F&W Media is the leading enthusiast content provider and marketer of magazines, books, conferences and interactive media properties for a variety of communities. Frontenac has retained a minority stake in the company, which has tripled in size since its initial investment in 2005.
August 15, 2012
Salient, which provides IT and engineering services to federal agencies, has acquired ATS, a provider of high-end IT services and solutions to civilian, defense and national security agencies. The acquisition diversifies Salient’s revenue base and provides additional growth avenues into a variety of government agencies.
March 30, 2012
Walgreens (NYSE:WAG) has acquired Crescent, a provider of specialty home infusion services with a particular focus on chronic, high-cost diseases. Frontenac initially invested in Crescent in 2004, and since that time the company has doubled in size. Walgreens is the nation's largest drugstore chain, and also offers specialty and mail order pharmacy services.
February 06, 2012
In partnership with the founding family and longtime CEO1st partner Bill Voss, Frontenac has recapitalized Mercer Foods, a second-generation, family-owned industrial food processor specializing in the freeze drying of fruits, vegetables, dairy products, and meat products for human and pet-food manufacturers and retail customers.
December 30, 2011
Behavioral Health Group (BHG) is a leading provider of outpatient substance abuse treatment services, primarily for addiction to prescription pain medication. Raleigh Professional Associates operates 3 outpatient clinics in Tennessee. The acquisition adds to BHG’s market-leading position in the state.
November 15, 2011
H-E Parts is a global distributor of equipment, components and parts to the mining and construction industries. The acquisition of DSM Group further diversifies H-E’s geographic footprint and provides it with Asian procurement capabilities and key intellectual property.
November 11, 2011
Frontenac has teamed with Bob Grubbs, the former President and CEO of Anixter International, a Fortune 500 industrial distribution company. Frontenac and Grubbs are targeting investments in distribution companies where Grubbs can act as chairman or lead director.
November 07, 2011
Salient Federal Solutions, which provides information technology and engineering services to federal agencies, announced the acquisition of the Electronic Security Systems (ESS) division of Dataline, a technology provider to the Department of Defense. ESS adds significant new capabilities to Salient, including expertise in the design, engineering and installation of consolidated emergency response systems.
October 04, 2011
Frontenac has completed the recapitalization of Behavioral Health Group (BHG) in partnership with founding management and Mike Cannizzaro, who will serve as Chairman. BHG is one of the largest operators of outpatient substance abuse treatment centers in the U.S. Cannizzaro has 35 years of senior leadership experience in healthcare companies, many of them private-equity backed.
August 18, 2011
Frontenac has completed the sale of WNCFirst Insurance Services (“WNC”) to an affiliate of Tokio Marine Group and the company’s original founders. WNC is a leading provider of specialty insurance products to financial institutions. Frontenac recapitalized the business in 2004 in partnership with the company’s founder-owners.
June 09, 2011
Frontenac has recapitalized in e+CancerCare in partnership with a new investor. e+CancerCare is a leading provider of outpatient cancer services through partnerships with local hospitals and physicians. Frontenac retains a significant minority stake in the company and believes it is poised for continued growth organically and through acquisitions as its sector consolidates.
June 06, 2011
Frontenac has recapitalized Wenner Bread Products together with CEO1ST partner Jeff Montie and its founding family. Wenner a second-generation, family-owned business, is a leading manufacturer of high-quality frozen, par-baked and fully baked dough, breads and rolls for food retailers’ in-store bakeries and food service operators. Montie is the former president of Kellogg’s.
June 01, 2011
Encore provides electronic services, including electronic discovery and web hosting, to law firms and corporate legal departments. Frontenac acquired the company in 2003. Epiq Systems (Nasdaq:EPIQ) is a global provider of solutions for electronic discovery, bankruptcy and class action administration.
April 04, 2011
Salient Federal Solutions, which provides information technology and engineering services to federal agencies, has acquired Command Information, an IT logistics and cyber security solutions provider. The acquisition provides Salient with new growth opportunities through additional agency expansion, as well as new product capabilities.
February 25, 2011
Frontenac has sold 3E, the industry leader in information and compliance services for corporate Environmental Health and Safety departments. Frontenac partnered with the company’s founder in 2002 to re-acquire the company, and recruited CEO1st executive Bob Christie to grow the business. Verisk Analytics (Nasdaq:VRSK) offers risk-assessment services and decision analytics to professionals in various fields.
December 16, 2010
A financial sponsor has acquired Systems Maintenance Services (SMS), which provides computer maintenance services, primarily to middle-market customers. The investment represented a repeat partnership with executive chairman Don Doctor, who was co-founder and CEO of Premier Systems Integrators, a prior Frontenac investment. Together with Doctor, Frontenac acquired SMS from its founder-owner in 2005.
October 19, 2010
Salient Federal Solutions has completed the acquisition of SGIS from its founder-owners. Salient is an IT and engineering solutions company serving federal government agencies, formed by Frontenac with repeat CEO1ST partners Brad Antle and Ray Oleson. They previously partnered with Frontenac to build SI International.
June 25, 2010
Frontenac has entered into a partnership with the founder-owners of Diversified Maintenance Systems (DMS), who have retained a material equity position in the company. DMS is a leading national provider of outsourced janitorial and facilities maintenance services to retailers, logistics firms, and grocery stores.
March 03, 2010
SIGMA International Group, an importer and master distributor of products used in water and wastewater infrastructure, has acquired Unique Fittings and Flanges (UFF) which sells cast iron, ductile iron, and plastic fitting and flanges into the fire protection market. The purchase of UFF helps to diversify Sigma into a new end market and provides further growth avenues.
March 02, 2010