Frontline Managed Services secures investment from Broad Sky Partners
MISSOURI, UNITED STATES — Frontline Managed Services, renowned for its managed IT services in the legal sector, has secured an investment from private equity firm Broad Sky Partners.
This partnership aims to accelerate Frontline’s growth and bolster its service offerings worldwide. Frontline serves over 800 law firms globally, including more than half of the AM Law 200, marking its stature in the industry. In 2024, it ranked #38 in the 2024 Channels Futures MSP 501, spotlighting the world’s top managed service providers.
Seelin Naidoo, CEO of Frontline, highlighted the partnership’s benefits: “This partnership will accelerate our company’s journey to build Frontline as the premier provider of managed IT services and revenue cycle management for legal and professional services firms.”
Broad Sky Partners’ strategic investment outlook
Broad Sky Partners, based in New York City, focuses on enhancing middle-market companies providing crucial services.
“Broad Sky’s strategic focus is to back great teams providing essential services in thematically growing markets with strong organic and acquisition growth prospects,” said Evan Azus, Managing Director at Broad Sky.
The private equity firm aims to back companies that exhibit strong organic and acquisition growth prospects, especially those like Frontline, which are essential in increasingly complex cybersecurity and data management landscapes.
Frontline’s global operations
Frontline, originally named Intelliteach, has evolved since its founding in 1987. With a workforce of 1,000 across locations in St. Louis, Honolulu, New York, Toledo, Toronto, London, Goa, Hyderabad, and South Africa, Frontline offers comprehensive services, including help desk support, cybersecurity, network monitoring, and revenue management.
By providing critical IT infrastructure security and real-time service solutions, Frontline ensures its clients, predominantly law firms, can manage and integrate technology effectively, addressing the growing demand for outsourced IT and technological solutions.
The financial terms of the transaction were not disclosed. The advisory teams included Berenson & Company and Harris Williams for Broad Sky, with Morrison Cohen as legal advisor. Frontline was advised by Guggenheim Securities and legal counsel from Ropes & Gray.
