Investment Summary

The Firmament Group, Main Post Partners and APG Partners Invest In GPS Dental

On January 19, 2021, family office The Firmament Group, growth capital firm Main Post Partners and private equity firm APG Partners invested in business services company GPS Dental

Investment Highlights
  • This is The Firmament Group’s 3rd, Main Post Partners’ 2nd and APG Partners’ 1st transaction in the Business Services sector.
  • This is The Firmament Group’s 10th, Main Post Partners’ 12th and APG Partners’ 3rd transaction in the United States.
  • This is The Firmament Group’s 2nd, Main Post Partners’ 1st and APG Partners’ 1st transaction in Arkansas.

Investment Summary

Date 2021-01-19
Target GPS Dental
Sector Business Services
Investor(s) The Firmament Group
Main Post Partners
APG Partners
Deal Type Growth Capital

Target

GPS Dental

Jonesboro, Arkansas, United States
website
GPS Dental is a DSO provider that manages 20 dental practices in Arkansas, Indiana, Tennessee, Missouri, and Oklahoma. GPS offers a variety of management services to its practices, including billing and accounting, patient scheduling assistance, HR functions, marketing, and insurance. GPS Dental was founded in 2015 and is based in Jonesboro, Arkansas.

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Investor(S) 3

DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 10 of 14
Sector (Business Services) 3 of 3
Type (Growth Capital) 6 of 8
State (Arkansas) 2 of 2
Country (United States) 10 of 14
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 Envase

Dover, New Hampshire, United States

Envase provides mission-critical, cloud-based transportation management systems ("TMS") enterprise software and mobile applications to the intermodal transportation industry, with a core focus on the drayage trucking niche. The software merges order entry, dispatch, container tracking, electronic data interchange (EDI), API connectivity, document imaging, invoicing, settlements, and business intelligence, among other functions, into a single, streamlined system providing carrier efficiencies and container visibility over the intermodal supply chain. Envase is based in Dover, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Controltec

Escondido, California, United States

Controltec is a provider of childcare subsidy management software to state governments and local childcare agencies. Controltec systems enable social service agencies and childcare providers to manage cases more efficiently, reduce clerical errors, remove worker frustration, and reduce fraud. Controltec was founded in 1993 and is based in Escondido, California.

Buy -
Investor
DESCRIPTION

Main Post Partners is a private equity firm focused on investing $50 to $250 million in high-growth companies across the consumer value chain. Main Post Partners invests in both majority and minority positions primarily in first institutional capital situations where founders, entrepreneurs and management teams are looking for an partner to help build their companies. Main Post Partners was established in 2014 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 12 of 14
Sector (Business Services) 2 of 2
Type (Growth Capital) 11 of 13
State (Arkansas) 1 of 1
Country (United States) 12 of 14
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Duke Cannon

Minneapolis, Minnesota, United States

Duke Cannon provides superior-quality grooming goods designed to better the day of hard-working men. Products include soaps and deodorants, shave gels and balms, beard goods, colognes, and other essentials to get a man clean, feeling good, and smelling great. Duke Cannon was founded in 2011 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Nulo Pet Food

West Lake Hills, Texas, United States

Nulo Pet Food is a premium pet food brand with recipes that are high in meat protein, grain-free, have low glycemic carbohydrates, and contain a patented probiotic for immune and digestive health. Nulo Pet Food was formed in 2009 and is based in West Lake Hills, Texas.

Sell -
Investor

APG Partners

San Juan Capistrano, California, United States

Investor

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

APG Partners is a West-Coast US-based private equity firm that provides financing for recapitalizations and growth. APG will consider both majority and minority positions, seeking to commit $1 to $10 million of equity capital per transaction. Depending on the type of investment, prospective companies should be breakeven and have at least $10 million in annual revenue. APG's industry focus includes healthcare services, business services, financial services, consumer products, and manufacturing. Prospective opportunities are typically located in the Western US. APG Partners was formed in 2004 and is based in San Juan Capistrano, California.


DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Growth Capital) 3 of 3
State (Arkansas) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-03 EM Assist

Folsom, California, United States

EM-Assist, Inc. is government’s trusted partner for environmental program management, technical support, and training solutions. The company helps clients cost-effectively address their most challenging environmental compliance, information management, conservation and planning, and restoration needs. EM-Assist also helps clients deliver the right training to the right people at the right time by blending custom eLearning courseware with instructor-led training, and by providing efficient training program administration through powerful, easy-to-use learning management systems. EM-Assist, founded in 1996, is headquartered in Folsom, CA and has 120 professionals in multiple offices throughout California, Utah, and Colorado.

Sell -