Investment Summary

The Firmament Group Invests In Envase

On May 27, 2020, family office The Firmament Group invested in internet software and services company Envase

Investment Highlights
  • This is The Firmament Group’s 1st transaction in the Internet Software and Services sector.
  • This is The Firmament Group’s 9th transaction in the United States.
  • This is The Firmament Group’s 1st transaction in New Hampshire.
Investment Fate
  • Envase was sold to a publicly-traded strategic buyer in 2023 for 230M USD.

Investment Summary
Date 2020-05-27
Target Envase
Sector Internet Software and Services
Investor(s) The Firmament Group
Deal Type Growth Capital

Target

Envase

Dover, New Hampshire, United States
website
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.

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Investor(S) 1

Investor

The Firmament Group

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 2012
Size Small
Type Sector Agnostic
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 9 of 14
Sector (Internet Software and Services) 1 of 1
Type (Growth Capital) 5 of 8
State (New Hampshire) 1 of 1
Country (United States) 9 of 14
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 Citrus Extracts

Fort Pierce, Florida, United States

Citrus Extracts LLC takes non-organic and organic food waste from citrus peels (oranges, lemons, and grapefruits), and using a proprietary drying process, dehydrates the peel, which is then sold to commercial customers to be used as flavoring in beer, spice and tea products.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 GPS Dental

Jonesboro, Arkansas, United States

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.

Buy -
Mergr

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