The Firmament Group Mergers and Acquisitions Summary

Family Office Profile

In the last 3 years, The Firmament Group has acquired 3 companies. It has also invested in 5 others.

The Firmament Group’s most common sectors for investment arebusiness services (24%) and food (16%) . The Firm’s most common investment types include growth capital (54%) and buyout (lbo, mbo, mbi) (24%). In total, The Firmament Group has invested in 10 US states.

In the last 3 years, The Firmament Group has exited 3 companies. The Firm’s most common exit type is secondary buyout (67%). The Firmament Group’s largest (disclosed) exit occurred in 2022 when it sold Logistyx Technologies Group for $185M.

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M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity13
    • M&A Sell Activity3
  • Total Sectors Invested 10
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8

The Firmament Group

One Rockefeller Plaza Suite 1203,
New York, New York 10020
United States
(212) 956-1061
www.thefirmamentgroup.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Beverages, Business Services, Chemicals, Consumer Products, Consumer Services, Defense, Distribution, Energy Services and Equipment, Food, Healthcare Services, Information Technology, Internet Software and Services, Life Science, Machinery, Manufacturing, Medical Products, Retail, Software, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 300
Target EBITDA 3 30
Investment Size 5 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.0/yr) # 3 2 2 2 3 1 13
Sell (0.6/yr) # - - 1 1 - 1 3
vol $185M $185M
  16

Most Recent M&A

Company Date Value Type
Logistyx Technologies Group 2022-03-03 185M USD Add-on Acquisition
Rolling Meadows, Illinois · www.logistyx.com
Nascent Technology LLC 2022-02-02 - Buyout (LBO, MBO, MBI)
Charlotte, North Carolina · www.nascent.com
Controltec, Inc. 2021-10-26 - Growth Capital
Escondido, California · www.controltec.com
PRN Health Services, Inc. 2021-10-26 - Buyout (LBO, MBO, MBI)
Appleton, Wisconsin · www.prnhealthservices.com
GPS Dental LLC 2021-01-19 - Growth Capital
Jonesboro, Arkansas · www.gpsdds.com
Envase, Inc. 2020-05-27 - Growth Capital
Dover, New Hampshire · www.envasetechnologies.com
Citrus Extracts LLC 2020-05-19 - Growth Capital
Fort Pierce, Florida · www.allthingscitrus.com
Denali Water Solutions 2020-01-23 - Secondary Buyout
Russellville, Arkansas · www.denaliwater.com
Destination Pet LLC 2019-10-28 - Secondary Buyout
Highlands Ranch, Colorado · www.destinationpet.com
Total Seal, Inc. 2019-06-18 - Growth Capital
Phoenix, Arizona · www.totalseal.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 3 (30%) - 3 (23%) -
Food 2 (20%) - 2 (15%) -
Automotive 1 (10%) - 1 (8%) -
Consumer Services - - 1 (8%) -
Environmental - - 1 (8%) -
Information Technology 1 (10%) - 1 (8%) -
Internet Software and Services 1 (10%) - 1 (8%) -
Software 1 (10%) - 1 (8%) -
Staffing 1 (10%) - 1 (8%) -
Transportation - - 1 (8%) -
Total 10 - 13 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) - 13 (100%) -
  California 2 (20%) - 2 (15%) -
  Illinois 1 (10%) - 2 (15%) -
  Arkansas 1 (10%) - 2 (15%) -
  North Carolina 1 (10%) - 1 (8%) -
  New York 1 (10%) - 1 (8%) -
  New Hampshire 1 (10%) - 1 (8%) -
  Florida 1 (10%) - 1 (8%) -
  Arizona 1 (10%) - 1 (8%) -
  Wisconsin 1 (10%) - 1 (8%) -
  Colorado - - 1 (8%) -
Total 10 - 13 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (60%) - 7 (54%) -
Buyout (LBO, MBO, MBI) 3 (30%) - 3 (23%) -
Consolidation - - 1 (8%) -
Recapitalization 1 (10%) - 1 (8%) -
Secondary Buyout - - 1 (8%) -
Total 10 - 13 -

Exits by Deal Type

Type Total # Value
Secondary Sale 2 (67%) -
Trade Sale - Public Company 1 (33%) 185M (100%)
Total 3 $185M

Deal Values

sell # Total
$100M to $1B 1 $185M
TOTAL $185M
Largest Logistyx Technologies Group
$185M (2022-03-03)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Exited to
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)

Investor Summary

Investor Type

Family Office

Size

Small

Established

2012

Specialist/Generalist

Generalist

Leadership

Franklin McLarty

Co-Founder & Chairman

Christopher Smith

Co-Founder & President

Mack McLarty

Non-Executive Chairman

Parris Boyd

Principal

Tedmond Wong

Principal

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