Growth Capital • Technology Hardware

ATL Partners and The Firmament Group Invest In LightRidge Solutions

On October 5, 2023, private equity firm ATL Partners and family office The Firmament Group invested in technology hardware company LightRidge Solutions

Investment Context
  • This is ATL Partners’ 1st and The Firmament Group’s 1st transaction in the Technology Hardware sector.
  • This is ATL Partners’ 7th and The Firmament Group’s 25th transaction in the United States.
  • This is ATL Partners’ 2nd and The Firmament Group’s 2nd transaction in Arizona.

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Investment Summary

Date October 5, 2023
Target LightRidge Solutions
Sector Technology Hardware
Investor(s) ATL Partners
The Firmament Group
Deal Type Growth Capital

Target Company

LightRidge Solutions

Tucson, Arizona, United States
LightRidge Solutions is a provider of small and medium, low-cost payloads for space domain awareness, intelligence, surveillance and reconnaissance, missile warning, and laser communication applications. LightRidge Solutions was founded in 2004 and is based in Tucson, Arizona.
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Investors Overview 2

DESCRIPTION

ATL Partners is a private investment firm focused on private equity and debt investments in the aerospace, transportation, and logistics sectors. ATL's minimum investment size is $75 million, however the Firm has the ability to invest up to $750 million with its co-investment partners. ATL Partners was formed in 2014 and is based in New York City.


Deal Context for Investor #
Overall 7 of 8
Sector: Technology Hardware 1 of 1
Type: Growth Capital 4 of 4
State: Arizona 2 of 2
Country: United States 7 of 8
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Aero Accessories

Miramar, Florida, United States

Aero Accessories is a provider of aerospace component maintenance, repair, and overhaul (“MRO”) services. Aero Accessories was founded in 2007 and is based in Miramar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-21 Rock-It

New York, New York, United States

Rock-It is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. Rock-It was founded in 1978 and is based in New York, New York.

Sell -
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 Context for Investor #
Overall 25 of 29
Sector: Technology Hardware 1 of 1
Type: Growth Capital 14 of 15
State: Arizona 2 of 2
Country: United States 25 of 29
Year: 2023 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Prime Providers

Culver City, California, United States

Prime Providers is a home-based healthcare organization providing private duty nursing, applied behavior analysis (aba) therapy, and related services to patients. Prime Providers was founded in 2018 and is based in Culver City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 Matador Gas

Russellville, Arkansas, United States

Matador Gas is an energy infrastructure company focused on the development, operation, and management of natural gas gathering, processing, and transportation assets. The Company provides midstream services that support natural gas producers by moving gas from production sites to downstream markets. Matador Gas was founded in 2021 and is based in Russellville, Arkansas.

Buy -