Frontenac Recapitalizes Zipline Logistics

Frontenac Recapitalizes Beckway Consulting, LLC

September 24, 2025

Professional Services

Frontenac has recapitalized Beckway, a New York-based professional services firm that provides operational, performance improvement and financial solutions to private equity-backed and corporate clients. The transaction, completed in partnership with Beckway’s co-founders and management and with Shvetank Shah joining as Chairman, will fund team investment, organic growth and the firm’s M&A ambitions; Monroe Capital provided the senior financing and Clearsight Advisors advised Beckway.

Frontenac Recapitalizes Ideal Integrations

August 7, 2024

IT Services

Chicago-based private equity firm Frontenac has completed a recapitalization of Pittsburgh-based managed services and cybersecurity provider Ideal Integrations, partnering with founder and CEO Michael Stratos to accelerate organic growth and pursue strategic acquisitions. Nelson Eng, a Frontenac CEO1ST partner, joined Ideal Integrations' board as chairman; financial terms were not disclosed.

Zipline Logistics Acquires Summit Eleven

March 28, 2024

Transportation

Zipline Logistics, a Columbus-based 3PL focused on consumer-packaged goods and backed by private equity firm Frontenac, has acquired Summit Eleven, a multi-modal transportation provider headquartered in Austin, Texas. The add-on expands Zipline's temperature-controlled and flatbed capabilities and strengthens its retail/CPG logistics footprint.

Ridgemont Equity Partners Leads Recapitalization of SEKO Logistics

January 7, 2021

Logistics & Distribution

Ridgemont Equity Partners has completed a majority recapitalization of SEKO Logistics, a global third-party logistics provider. Greenbriar Equity Group, SEKO's majority shareholder since 2015, will retain a significant equity stake alongside SEKO management; financing for the transaction was provided by Barings, Blackstone Credit, Churchill Asset Management and Manulife Investment Management.

The Rise Fund Invests in Zipline

May 17, 2019

Healthcare Services

The Rise Fund, an impact investment fund managed by TPG Growth, announced a growth equity investment in Zipline to support expansion of the company’s drone-based medical delivery and cold-chain logistics services. The funding is intended to help scale Zipline’s lifesaving delivery network across the Global South and broaden The Rise Fund’s healthcare and technology portfolio exposure.

Capital Z Acquires Portfolio Group from Frontenac

June 1, 2016

Insurance

New York-based private equity firm Capital Z Partners Management, LLC acquired Portfolio Group, Inc., a Lake Forest, California–based provider of vehicle service contracts, GAP insurance and other F&I products, from Frontenac Company, LLC. Management will remain in place with significant ownership; terms were not disclosed.