Investment Summary

The Firmament Group Invests In Citrus Extracts

On May 19, 2020, family office The Firmament Group invested in food company Citrus Extracts

Investment Highlights
  • This is The Firmament Group’s 2nd transaction in the Food sector.
  • This is The Firmament Group’s 8th transaction in the United States.
  • This is The Firmament Group’s 1st transaction in Florida.

Investment Summary
Date 2020-05-19
Target Citrus Extracts
Sector Food
Investor(s) The Firmament Group
Deal Type Growth Capital

Target

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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Investor(S) 1

Investor

The Firmament Group

Investor Investor Investor Investor Investor

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 8 of 16
Sector (Food) 2 of 2
Type (Growth Capital) 4 of 8
State (Florida) 1 of 1
Country (United States) 8 of 16
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Denali

Russellville, Arkansas, United States

Denali is a provider of specialty waste and environmental recycling and disposal services in the United States, performing mission-critical daily organic waste collection, processing, recycling, and disposal for municipal, industrial food processing and downstream industrial customers. Denali is based in Russellville, Arkansas.

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FOLLOWING 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.

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