Roper Technologies, a diversified technology firm, has acquired Frontline Education, a provider of administration software for K-12 educators, from Thoma Bravo.
Frontline provides innovative technology and best practices that empower over 10,000 education systems across all 50 U.S. states. The firm provides human capital management, student programs, and business operations and analytics services.
“Frontline is a terrific business with clear niche market leadership, a proven track record of strong organic and inorganic growth, excellent cash conversion, and an outstanding management team that will thrive as part of Roper,” said Neil Hunn, Roper’s president and CEO. “The acquisition of Frontline demonstrates Roper’s disciplined capital deployment strategy that focuses on identifying high-quality, market-leading technology businesses that will enhance Roper’s cash flow compounding. We are excited to welcome Frontline to the Roper family.”
J.P. Morgan Securities LLC, Jefferies LLC and Macquarie Capital are serving as financial advisors and Kirkland & Ellis LLP is serving as legal advisor to Thoma Bravo and Frontline Education. Cooley LLP is also serving as legal advisor to Frontline Education.