Roper Technologies acquired Frontline Education for approximately $3.725 billion, a transaction completed in October 2022, structured as all cash.
Frontline Education operates in Application Software (K-12 education), is based in Malvern, Pennsylvania.
Frontline is a terrific business with clear niche market leadership, a proven track record of strong organic and inorganic growth, excellent cash conversion, and an outstanding management team that will thrive as part of Roper. The acquisition of Frontline demonstrates Roper's disciplined capital deployment strategy that focuses on identifying high-quality, market-leading technology businesses that will enhance Roper's cash flow compounding.Neil Hunn, Roper's President and CEO
Advisory firms were not disclosed for this transaction.