Audax Private Debt Provides Financing to Support Broad Sky Partners’ Acquisition of Frontline Managed Services
NEW YORK - Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Broad Sky Partners’ investment in Frontline Managed Services (“Frontline” or the “Company”), a provider 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.
Founded in 1987 and headquartered in St. Louis, Missouri, Frontline Managed Services provides 24/7 support to law firms for IT infrastructure, billing processes, and other administrative services. Frontline’s offerings are augmented with proprietary software platforms that support a data driven service delivery model. The Company provides support to law firms nationwide.
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Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $40 billion in support of over 285 private equity sponsors. Audax Private Debt works collaboratively to build tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. For more information, follow us on LinkedIn.
