Broad Sky Partners, a PE firm focused on middle market companies providing services to business and consumer end markets, has made a strategic investment in Frontline Managed Services, a provider of outsourced solutions for the legal and professional services sectors.
Terms of the transaction have not been disclosed.
Frontline delivers a range of white glove Managed IT Services and Revenue Cycle Management solutions to over 800 law firms, including over 50% of the AM Law 200, in addition to hundreds of mid-sized legal firms.
Frontline’s previous lead sponsor BV Investment Partners has retained a minority investment in the business.
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.
