Versatile Growth Capital
Deep Sector Knowledge
Breadth of Experience
Trust. Vision. Stewardship.
For over a decade, these values have guided Firmament as an architect of versatile growth capital solutions to small and medium-sized enterprises (SMEs) globally. Utilizing our collective breadth of experience and deep sector knowledge, we work in close partnership with entrepreneurs and management teams to turn small business into big business. In antiquity, the firmament was the mystical vault above the earth that was said to hold the stars. As we enter our second decade, we will continue to engender the trust of our partners to propel great ideas forward and catalyze winning outcomes.
We engender the trust of our partners to propel great ideas forward and catalyze winning outcomes.
Structure Strategy
Firmament designed its core “Structure” investment strategy to capitalize on the market inefficiencies that plague small business owners. The regulatory banking framework that has evolved over the past half-century has made it more difficult for small businesses to access flexible capital. SME capital needs do not often present themselves packaged neatly into an equity or debt bucket. Our Structure strategy allows us to navigate seamlessly across the capital structure to accurately price risk, solve problems and curate elegant solutions that meet the needs of small business owners, who may seek change of control equity or simply growth capital in the forms of debt and/or minority equity.
Venture Strategy
Firmament’s “Venture” strategy was borne from our “Structure” domain experience within sectors that are undergoing fundamental technological disruption such as health care, logistics, environmental, and wellness. It has been a natural progression to apply our industry knowledge to an earlier stage of the business scaling process – the Venture strategy simply starts that process earlier in a company’s life cycle. Venture focuses on seed and series A-stage businesses with no aversion to pre-revenue companies and can participate as either lead, co-lead or participant with a strong appetite for follow-on investments to support future fundraising rounds.
In the News
Firmament Invests in Navitrans
Firmament, announced today its majority investment in Navitrans, a Kortrijk, Belgium based provider of logistics software solutions for transport service providers across Europe. This partnership underscores Firmament’s continued commitment to providing growth capital and strategic advisory to support product development, management, and new solutions to businesses in the supply chain sector.
Firmament Recognized as One of Pensions & Investments Best Places to Work in Money Management
Firmament has been recognized in the “2023 Best Places to Work in Money Management Survey” announced by Pensions & Investments (“P&I”). Presented by P&I, a global news source of money management, the 12th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
Firmament Invests in Matador Gas
Firmament has made a strategic investment in Matador Gas, one of the leading retail propane distributors and standby generator service providers. This partnership underscores Firmament’s commitment to supporting leaders in the environmental services sector and propelling the growth of reliable energy solutions. Propane, a versatile and environmentally friendly fuel source, plays a crucial role in various industries and in residential applications. Matador Gas has emerged as one of the leading platforms in the propane distribution industry, offering efficient and affordable solutions that meet the evolving needs of customers. With a focus on safety, reliability, and environmental responsibility, Matador Gas has established itself as one of the trusted leaders in the market.
Firmament Invests in LightRidge Solution Holdings LLC
Firmament announced today an investment in LightRidge Solutions Holdings LLC. LightRidge is one of the leading providers of space technologies and defense mission solutions primarily for the U.S. national security community.
Firmament Facilitates Merger of Prime Providers and Right Choice In-Home Care
Firmament announced today an investment in Prime Providers, to support the Company’s acquisition of Right Choice In-Home Care. Prime is a home-based healthcare organization providing private duty nursing, Applied Behavior Analysis (ABA) therapy, and related services to patients across California. Right Choice provides personal care and respite care services to patients with Intellectual and Developmental Disabilities (IDD) in California.
Firmament-Backed e4health Acquires eCatalyst, Expanding Coding & HIM Capabilities
Firmament-backed e4health, one of the leading healthcare mid-revenue cycle and information technology solutions providers, announced today the acquisition of Phoenix-based eCatalyst Healthcare Solutions, a provider of outsourced medical coding, auditing, clinical documentation integrity, and health information management services to U.S.-based hospitals and healthcare systems. The acquisition bolsters e4health as one of the nation’s leading providers of HIM and coding solutions, with a twenty-year history of partnering with over 400 hospitals and health systems across the United States.
Firmament Invests in Scanco Software
Firmament, announced today its acquisition of Scanco Software, LLC (“Scanco”), one of the leading providers of innovative software solutions for the manufacturing and distribution industries. Firmament is an established investor in software and services providers in the supply chain sector. The transaction is a significant milestone for Scanco, as Firmament’s backing will pave the way for Scanco to grow and expand its suite of warehouse and manufacturing automation solutions. Over the years, Scanco has been at the forefront of developing new technologies for mobile warehouse, manufacturing, and payment automation solutions. Scanco’s solutions deliver unequaled efficiency and visibility for distribution and manufacturing companies around the globe.
Firmament Exits Envase Technologies in Sale to WiseTech Global
Firmament has exited its investment in Envase Technologies (“Envase”), one of the leading providers of transport management systems (“TMS”) software for intermodal trucking, drayage, and landside logistics in North America. Envase was acquired by WiseTech Global (ASX: WTC) in a transaction valued at $230 million. Firmament was the controlling shareholder of Envase and established the company in partnership with CEO Larry Cuddy, Jr. Firmament identified the intermodal trucking and drayage software market as a compelling sector in which to invest. Firmament’s investment thesis was to establish Envase as a technology leader by acquiring and consolidating incumbent TMS providers and building upon the foundation of customers and proven products with new proprietary solutions to address visibility and optimization.
Firmament Completes Investment in Home Care Provider Family Tree Private Care
Firmament announced today an investment in Family Tree Private Care (“Family Tree”). Family Tree is amongst the premier providers of concierge-level caregiving, private nursing, and care management services to families throughout Texas and Colorado. Firmament’s investment will help support Family Tree’s organic and inorganic growth initiatives.
Firmament Recognized as One of the Best Places to Work in Money Management
Firmament has been recognized in the “2022 Best Places to Work in Money Management Survey” announced by Pensions & Investments (“P&I”). Presented by P&I, a global news source of money management, the 11th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
Firmament's Vision Integrated Partners Expands in Greater Kansas City Market
Vision Integrated Partners, a managed services organization backed by Firmament that provides non-medical services to its network of eyecare professionals, today announced partnerships with Heart of America Eye Care located in Overland Park, KS, and Mid-America Eye Center and Physician’s Surgery Center, both located in Prairie Village, KS. The partnerships expand VIP’s position in the greater Kansas City market, which now includes 48 physicians, 19 locations and five ambulatory surgery centers. VIP first entered Kansas City in November 2021 through its partnership with Discover Vision Centers.
Firmament Backs Vision Integrated Partners' New Partnerships in Oklahoma and Missouri
Vision Integrated Partners (“VIP”), a managed services organization (“MSO”) backed by Firmament that provides non-medical services to its network of eyecare professionals, today announced partnerships with Britton Vision Associates (“BVA”) and Southwest Eye Clinic and Surgery in Oklahoma City, OK. With the establishment of these partnerships, Vision Integrated Partners has entered the greater Oklahoma City market, adding nine clinic locations including an ambulatory surgical center. In addition, VIP also announced a partnership with Sedalia Eye Associates and Sedalia Surgery Center in Sedalia, MO. The partnerships reinforce VIP’s position in the greater Kansas City market. VIP entered Kansas City in November 2021 through its partnership with Discover Vision Centers.