Frontenac Company, a Chicago, IL-based private investment firm, closed its tenth fund at $250m.
Led by Ronald Kuehl, Michael Langdon, Paul Carbery and Walter Florence, Managing Partners, Frontenac Company focuses on investing in lower middle market, family held or owner operated businesses in the business services, industrial, food and healthcare sectors.
The firm has completed over 25 buyout transactions, and nearly 60 add-on acquisitions, since 2000.
Frontenac X has already completed two investments:
– Portfolio General Management Group is an Irvine, CA-based provider of outsourced financial services to automobile dealerships. It specializes in aftermarket, extended warranty and vehicle service contract programs.
– Ohio Transmission Corporation is a Columbus, OH-based industrial distributor and expert technical support for industrial pumps, fluid power, finishing, power transmission, bearings and electrical applications serving a wide range of end-markets from 20 branch locations.