Frontenac Co. LLC bought Prime Technology Group LLC from fellow private equity firm Renovus Capital Partners.
The Wayne, Pa.-based company offers outsourced application development and managed software solutions for healthcare, insurance, financial services and other highly regulated industries.
Lower-middle-market investor Frontenac will support Prime Technology by investing in strategic growth initiatives, hiring additional talent and adding complementary software development capabilities.
Honigman LLP was legal counsel to Frontenac, while DLA Piper was legal adviser to Renovus and Prime Technology. 360Advisory and Raymond James were financial advisers to Prime Technology.