Montage Partners Successfully Exits Investment in Frontier Group
PHOENIX, AZ – Montage Partners, a Scottsdale, Arizona-based private equity firm, is pleased to announce the successful exit of its investment in Frontier Group (the “Company”). The Company was acquired by management, brothers Andrew and Tim Furrer, with financial backing.
Founded in 1979, Frontier Group is a leading provider of aerospace metal finishing services including anodize, chem film, paint, passivation, phosphate, non-destructive testing, and welding, across Arizona, southern California and other states in the southwestern U.S. Montage Partners led the formation of Frontier Group via the 2018 merger of two established aerospace metal finishing companies based in Phoenix, AZ and Chino Valley, AZ, respectively.
“From the beginning, it was exciting to partner with Andrew and Tim and work with them towards their vision of owning 100% of the merged companies,” explained Rob Wolfman, Managing Partner at Montage Partners. “I’m proud of our partnership and it’s been a pleasure to work with the team there and see how much they’ve accomplished. We know they will continue to achieve great things.”
Following the merger, Montage Partners worked closely with management to support growth initiatives and investments, including a $1.5 million modernization of the Company’s chemical processing line in 2019, which resulted in additional state-of-the-art equipment and increased capacity. In addition, Montage Partners enhanced the leadership team and supported management in adding new services and winning new prime contractor approvals, which expanded Frontier Group’s customer base and comprehensive service offering.
Montage Partners was represented by the law firm Osborn Maledon, P.A.
About Montage Partners
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.