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Frontenac

Private equity

Chicago · Growth · 38 people tracked

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Investment thesis

Frontenac focuses on well-positioned, growing, and profitable privately-held businesses in the lower middle market, helping them navigate complex transitions involving liquidity, management enhancement, and growth planning. Its distinctive CEO1ST approach pairs experienced operators with repeatable value creation playbooks, positioning the firm as a strategic advisor rather than an operator. With over 50 years of history, Frontenac emphasizes people, transparency, operational expertise, and disciplined investing rooted in its Midwestern heritage. The firm supports businesses through succession, growth, and liquidity objectives.

Source: firm website, verified Aug 25, 2026.

Stage
Growth
Check
$50M – $150M
HQ
Chicago, Illinois, US
Instruments
Equity
Founded
1971
AUM
$2B
Tracked investments
69

Team · 38 people

from the firm's website & curated & public directories
Ronald Kuehl· Managing Partnerin
Greg Ruffini· Vice Presidentin
Maggie Pugel· Vice Presidentin
Ryan Panczak· Vice Presidentin
Vidur Gupta· Vice Presidentin
Jacob Anderson· Vice Presidentin
Markie Masri· Principalin
AJ McDevitt· Associatein
Brenna Townley· Executive Assistantin
Brian Bai· Director, Corporate Developmentin
Gabriel Becerra· Director of Developmentin
Jack Xiao· Associatein
Kevin Lyons· Director, Talentin
Luciana Pintor· Office Administratorin
Michael Gerszonovicz· Associatein
Oscar Magdaleno· Associatein
Ray Farabaugh· Senior Director, Value Creationin
Samuel Smalling· Controllerin
Sophie Gottfried· Senior Associatein
Teri Tadros· Senior Director, Strategic Growth
Julie Bender· CFO, CCOin
Paul Carbery· Senior Advisorin

What they invest in

from 3 of 69 portfolio companies

Advanced Manufacturing ×1Cleantech ×1Climate Tech ×1Enterprise Software ×1Future of Work ×1InsurTech ×1Logistics & Supply Chain ×1Mobility & Transportation ×1

HQs:United States×1

Investments · 69 tracked

founders shown can be your intro path
Chipotle Mexican GrillNYSE: CMG
101Communications
3E Company
A H Harris
Access Solutions With Integrated Openings Solutions
Alfalfas
Ansira
Asian Food Manufacturing With Cci Prime
Aspire Media
Automotive Services With Dealer Services Network
Beckway
Behavioral Health Group
Bill Gosling Outsourcingbillgosling.comin

Bill Gosling Outsourcing is a business process outsourcing company that provides customer contact and service solutions built around its people and workplace culture.

Enterprise SoftwareFuture of Work

Certainpath
Collegis
Corporate Family Solutions
Crescent Healthcare
Crofters Organic
CROM
Dealer Services Network
Devry
Digs Dog Care
Discover Re
Dvc Worldwide
Eagle River Interactive
Ecancercare
Efc International
Encore Discovery Solutions
Excellarate
Gevity Hr
Gnap
H E Parts International
Health Valley Foods
Healthways
Honk
Honk Technologieshonkforhelp.comin𝕏Acquired

HONK provides white-labeled, AI-driven roadside assistance and towing dispatch through a cloud-based platform, serving insurance carriers, fleet and rental operators, automotive OEMs and dealerships, logistics companies, and collision repair and salvage businesses.

InsurTechLogistics & Supply ChainMobility & TransportationSaaSSan Francisco, US

Corey Brundage(CEO & Founder)

Co-investorsBonfire VenturesExpansion Venture CapitalHinge CapitalKarlin VenturesMoonshots Capital

Integris
La Tavola Fine Linen Rental
Levy Restaurants
Lighthouse
Liquid Technologies
Mce
Mercer Foods
Monterey Bay Herb Co
Motion Solutions
Myridius
Navis Food Partners
Newterranewterra.cominacquired by Frontenac

Newterra designs and provides modular water, wastewater, and environmental treatment systems for municipalities, industries, small communities, and developers, covering the treatment lifecycle from design and project management to technical support and parts.

Advanced ManufacturingCleantechClimate Tech

Co-investorsVenture OntarioXPV Water Partners

Nth Degree Global
Ohio Transmission Corporation

Co-investorsAea InvestorsIrving Place

Portfolio Group
Premier Systems Integrators
Redhelm
Salient Crgt

Agile application development, big data analytics, cyber security and related solutions for US government agencies

Co-investorsVeritas Capital

Schlotterbeck Foss
Si International
Sigma
Sms
Spice Chain Corporation

Exits · 2

IPOs and acquisitions across the tracked portfolio

Chipotle Mexican GrillNYSE: CMGNewterraacq. by Frontenac

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Frontenac made?
Frontenac has 69 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does Frontenac invest at?
Frontenac invests at the Growth stage.
What is Frontenac's typical check size?
Frontenac typically writes checks of $50M – $150M.
What sectors does Frontenac focus on?
Frontenac focuses on Advanced Manufacturing, Consumer, Data & Infrastructure, EdTech, Enterprise Software, Fintech, FoodTech, Healthtech, Media & Entertainment, SaaS, Sector Agnostic.
Where is Frontenac located?
Frontenac is headquartered in Chicago, US.
Who does Frontenac co-invest with?
Frontenac most often shares deals with Aea Investors, Bonfire Ventures, Expansion Venture Capital, among 12 tracked co-investors.

Images

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