Clearlake Capital to buy FrontRange Solutions
Clearlake Capital Group said Thursday it has agreed to buy FrontRange Solutions. Financial terms weren’t announced. Francisco Partners acquired FrontRange in 2005. Clearlake said it is merging FrontRange with portfolio company Lumension to form Heat Software. Milpitas, California-based Heat Software provides hybrid service management and unified endpoint management solutions for businesses. Stifel acted as financial advisor to FrontRange. Wells Fargo Capital Finance, PNC Bank, Capital One and Consortium Finance provided financing.
12 February 2015•4 mins read
