BV Investment Partners Successfully Sells Frontline Managed Services to Broad Sky Partners
Announcement of Sale
In a significant move within the tech-enabled services sector, BV Investment Partners, a recognized private equity firm, has announced the sale of Frontline Managed Services to Broad Sky Partners. This transaction marks a pivotal moment as Frontline Managed Services is identified as one of the foremost providers of managed services tailored specifically for the legal industry.
Frontline Managed Services Overview
Founded in 1987 and headquartered in St. Louis, Frontline Managed Services delivers premium IT services and revenue cycle management solutions to over 800 law firms globally. Their impressive portfolio encompasses an extensive workforce of more than 1,000 employees, with key locations in notable cities such as Toledo, Honolulu, and New York City, alongside international branches in Toronto, London, Hyderabad, Goa, and Cape Town.
Frontline’s innovative approach to managed IT services has garnered widespread acclaim, offering law firms a unique blend of administrative and technical support that results in impressive returns on investment, including an average 10-fold increase and a dramatic 40% reduction in overall operating expenses. Initially known as Intelliteach, the company rebranded to Frontline to better represent its diverse service offerings.
Comments from Leadership
Seelin Naidoo, CEO of Frontline, applauded BV Investment Partners for their operational and sector expertise, which has been integral in Frontline's growth journey over the past five years.