Frontenac recently completed a recapitalization of Ideal Integrations, a Pittsburgh-based managed services provider specializing in IT and cybersecurity solutions. The terms of the deal were not disclosed.
Nelson Eng from Frontenac has now taken on the role of chairman on Ideal Integrations’ board of directors as part of the transaction.
In a statement, Michael Stratos, the founder of Ideal Integrations in 2003, expressed excitement about the partnership with Frontenac. He highlighted the company’s growth and the potential for further expansion with Frontenac’s support.
Dentons Cohen & Grigsby provided legal counsel for Ideal Integrations, while DLA Piper LLP represented Frontenac in this transaction.
Frontenac, based in Chicago, focuses on investing in the lower middle market, particularly in consumer, industrial, and services industries.