Frontenac Announces Recapitalization of Professional Services Firm, Beckway

Marking its 10^th platform in Fund XII, Frontenac formalizes partnership with Beckway, a provider of operational, performance improvement and financial solutions for PE-backed and corporate clients

New York, NY

Frontenac today announced the recapitalization of Beckway, a professional services firm that delivers hands-on operational, performance improvement and financial solutions aimed at accelerating EBITDA growth for private equity-backed and corporate clients. The transaction was completed in partnership with the firm’s co-founders and management team. Financial terms of the transaction were not disclosed.

Backed by a team of operators and specialists with diverse skill sets and capabilities, Beckway’s approach combines consulting services with deep financial insight to help unlock value and enhance profitability. With expertise across manufacturing, industrial, consumer, and services sectors, Beckway’s team works to drive measurable value creation through targeted initiatives in operations planning and optimization, supply chain, procurement, M&A integration and the office of the CFO. The company prides itself on consistently delivering quantifiable results and serving as a trusted advisor to a long list of repeat clients.

Mark Habner, CEO of Beckway, said, “The collaboration between our two firms marks a significant milestone in Beckway’s growth journey, as it will fuel continued investment in our team and organic growth initiatives while supporting our M&A ambitions. Beckway’s mission closely aligns with Frontenac’s priorities and approach to value creation within its own portfolio.  We are excited to work alongside the Frontenac team to support the company’s next phase of growth.” 

Tom Anderson, Co-Founder and Executive Partner, commented, “Beckway has served PE-backed companies since its inception. We know how much hard work and coordination it takes to grow and professionalize these assets, and we are thrilled to be partnered with a PE firm who will accelerate our path on that same journey. We look forward to achieving great things together.”

“Beckway has built an impressive team of experts that is capable of supporting material value creation for PE-backed clients across many areas including operations, finance and M&A,” said Markie Masri, Principal at Frontenac. “All private equity firms face increasing pressure to drive operational value, and Beckway has become a trusted partner throughout the investment lifecycle. We are thrilled to be partnered with Mark, Tom and the Beckway team and to support them as they deepen their capabilities and continue to offer first-rate talent.”

Frontenac recapitalized Beckway as part of a thesis-driven pursuit in collaboration with Chairman1st Partner, Shvetank Shah, a seasoned PE-backed operator with 30+ years of experience in specialized professional services. Throughout his career, Shvetank has driven value through various playbooks including strategic organic growth, margin expansion initiatives and M&A. Shvetank most recently led ACA Group as CEO. His prior roles include SVP at Gartner and leadership positions at PA Consulting and Price Waterhouse. Shvetank joined Beckway as Chairman at closing.

“We partnered with Shvetank to identify and support distinctive assets within specialized professional services firms,” said Michael Langdon, Managing Partner at Frontenac. “With Beckway, we found just that. Mark, Tom and their team built a set of solutions that bring operational and financial support to companies across several industry sectors.  Shvetank shares our belief that Beckway is a unique platform with a strong foundation and massive opportunity to grow and scale.”

Clearsight Advisors served as financial advisor to Beckway in connection with this transaction.

About Beckway

Beckway is a professional services firm that delivers hands-on operational, performance improvement and financial solutions aimed at accelerating EBITDA growth for PE-backed and corporate clients. With expertise across manufacturing, industrial, consumer and services sectors, Beckway’s team works to drive measurable value creation through targeted initiatives in operations planning and optimization, supply chain, procurement, M&A integration and the office of the CFO. The company’s approach combines consulting services with deep financial insight to help unlock value and enhance profitability for its clients. For more information, please visit www.beckway.com.

About Frontenac

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 franchise working with over 325 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.