Firmament Invests in Matador Gas

Firmament Makes Strategic Investment in Sparkle Express Car Wash Group

April 16, 2024

Automotive

Firmament has made a strategic/growth investment in Sparkle Express Car Wash Group, a Chicago-headquartered membership-based express car wash platform formed from 19 unit acquisitions across Georgia, South Carolina and Illinois. The capital will be used to optimize operations, support continued expansion in existing markets and enter new adjacent geographies while leveraging Firmament's network and deal-sourcing capabilities.

Firmament Makes Majority Investment in Navitrans

January 16, 2024

Logistics & Distribution

Firmament has made a majority investment in Navitrans, the Kortrijk, Belgium-based provider of transportation and warehouse management software, with Valsoft remaining as a minority shareholder and Navitrans management remaining in place. The capital will support product development, management initiatives and strategic acquisitions as Navitrans expands its presence across European logistics service providers.

Firmament Acquires NASCENT Technology

February 2, 2022

Logistics & Distribution

Firmament, a structured-equity investor, has acquired NASCENT Technology, a manufacturer and integrator of automated gate systems serving intermodal, rail, marine terminals, distribution centers and carriers. The investment will fund NASCENT’s product and software development and enable strategic integration with Firmament portfolio company Envase Technologies to expand visibility and services across the intermodal supply chain.

Matador Resources Acquires Advance Energy Partners from EnCap

January 24, 2023

Energy

Matador Resources Company agreed to acquire Advance Energy Partners Holdings, LLC — an EnCap-backed oil and natural gas producer with acreage and producing properties in the northern Delaware Basin — for an initial cash consideration of approximately $1.6 billion plus potential contingent payments tied to 2023 oil prices. The bolt‑on acquisition adds ~18,500 net acres (99% held by production), material near-term production and a large inventory of drilling locations, and provides midstream synergy opportunities with Matador’s Pronto Midstream subsidiary.

Firmament Recapitalizes Whitecap Waste

May 14, 2024

Environmental Services

Firmament (through funds it manages) completed a recapitalization of Whitecap Waste, a regional solid waste collection company serving over 30,000 customers in southern West Virginia. The seller was Mollitiam Holdings; Whitecap Waste President Michael Schmidt will remain in his role and Firmament said the investment will support growth, operational capability expansion, and entry into new geographies.

Firmament Invests in LightRidge Solutions Holdings LLC

October 5, 2023

Aerospace & Defense

Firmament announced a capital investment in LightRidge Solutions Holdings LLC to provide structured equity and credit financing to the space- and defense-focused platform. The investment will support LightRidge’s continued platform build and capability expansion—LightRidge (an ATL Partners-backed platform) has previously added GEOST and Ophir and recently integrated Trident Systems to expand space electronics, sensing and C4ISR capabilities.