January 11, 2023

Frontenac Announces Promotions and Team Additions


Frontenac announced today the promotion of investment team members Joseph Rondinelli and Markie Masri. In addition, the firm has added four new members to its Portfolio Resource Group (“PRG”), a team dedicated to accelerating the growth of Frontenac portfolio companies. Frontenac closed its oversubscribed 12th fund, consisting of $520mm of limited partner commitments, in early 2022. The firm focuses on lower middle market buyout transactions in the consumer, industrial, and services industries.

Joseph Rondinelli has been promoted to Managing Director. In his new role, Joe will continue leading investments in the services sector. During his 14 years with the firm, Joe has played a critical role in originating investment opportunities and creating value across Frontenac’s portfolio companies including Whitebridge Pet Brands, GNAP, Integris, Excellarate and Zipline Logistics, among others.

Markie Masri has been promoted to Principal. In her new role, Markie will continue to focus on investments in the services sector. During Markie’s eight years with Frontenac, she has been an integral team member, supporting and driving value across numerous portfolio companies including TPC, Scholarus Learning, Newterra, and RCG Global Services, among others. 

“Both Joe and Markie make significant contributions to our investing efforts day in and day out. They are well respected members of the Frontenac team. We are proud to recognize their hard work and excited to support our teams’ continued development,” said Michael Langdon, Managing Director at Frontenac.

In other team-related updates, Frontenac has added four new team members to its Portfolio Resources Group. The PRG team is a dedicated group of professionals focused on supporting Frontenac portfolio companies in value enhancing initiatives while leveraging Frontenac’s proprietary playbooks.

New members of the PRG team include Ray Farabaugh, who joined Frontenac after 10 years at Bain & Company and Steve Fekety, who joined from KPMG’s Deal Advisory and Strategy group. Ruth Siporin, who serves on the Board of Directors at Frontenac portfolio companies EFC International, Excellarate, and RCG Global Services, joined the Portfolio Resources Group after previously performing accounting and financial advisory services following a long career at PwC. Finally, Casey Slager joined after working within the M&A advisory and restructuring practices at Riveron, as well as KPMG’s assurance group.

Walter Florence, Managing Director of Frontenac commented, “Post-closing value creation initiatives have always been a big part of our CEO1ST program. The formation of the PRG team takes the CEO1ST program and our value creation philosophy to the next level. We are thrilled to grow our team and welcome these talented individuals to the Frontenac family.”


Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a leading franchise working with over 300 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit frontenac.com.