Frontline Managed Services Secures Strategic Investment from Broad Sky Partners to Fuel Growth in Managed IT and Revenue Cycle Management for Legal Firms
Frontline Managed Services, a leading global provider of outsourced solutions for the legal and professional services sectors, has secured a strategic investment from Broad Sky Partners. This investment is aimed at fueling the company’s strategic growth and expansion in the managed IT and revenue cycle management services for law firms and professional services firms.
Broad Sky Partners, a private equity firm specializing in collaborating with leading middle-market companies, has recognized Frontline’s track record of delivering value to its clients and its potential for further growth. The partnership is expected to accelerate Frontline’s journey to become the premier provider of managed IT services and revenue cycle management for legal and professional services firms.
Seelin Naidoo, CEO of Frontline, expressed excitement about the partnership, stating that it will enable the company to continue its strategic expansion, drive innovation, and invest in technology to enhance productivity and deliver greater value to its clients. “We are excited to partner with Broad Sky to continue our strategic expansion, driving innovation and investing in technology to enhance productivity and deliver even greater value to our clients,” Naidoo said.
Evan Azus, Managing Director at Broad Sky Partners, highlighted the strategic focus of the firm, which is to back great teams providing essential services in thematically growing markets with strong organic and acquisition growth prospects. “The opportunity to partner with the Frontline team is emblematic of that strategy. While cybersecurity challenges and data needs have become more complex, Frontline has established itself as a critical partner to its clients in optimizing workflows and cyber preparedness,” Azus noted.
Frontline Managed Services offers a range of white-glove managed IT services and revenue cycle management solutions to over 800 law firms, including more than 50% of the AM Law 200, as well as hundreds of mid-sized legal firms. The company’s leading suite of differentiated service offerings is well-positioned to meet the evolving needs of law firms as the adoption of outsourcing for technology-driven solutions accelerates.
The company has a global presence with nine locations and employs over 1,000 skilled professionals, including application support specialists, IT engineers, client services, and revenue cycle support specialists. Frontline’s services include help desk, cybersecurity, network monitoring, billing, eBilling, and A/R support, among others.
This investment marks a significant milestone for Frontline Managed Services, which was founded in 1998 and has since grown to become a leading provider of managed IT and revenue cycle management services for the legal industry. The company’s previous lead sponsor, BV Investment Partners, will remain involved as a minority investor.
The terms of the transaction were not disclosed. Berenson & Company and Harris Williams acted as buy-side advisors, and Morrison Cohen served as legal advisor to Broad Sky Partners on the transaction. Guggenheim Securities acted as the exclusive sell-side advisor, and Ropes & Gray served as legal advisor to Frontline.
This partnership is expected to further strengthen Frontline’s position in the market and enable the company to continue delivering high-quality services to its clients while expanding its offerings to meet the growing demands of the legal industry. With the support of Broad Sky Partners, Frontline Managed Services is poised for continued growth and success in the managed IT and revenue cycle management services sector.