The Firmament Group Invests in Profit Tools and Launches Envase Technologies
May 27, 2020
The Firmament Group completed an investment in Profit Tools, LLC and concurrently launched Envase Technologies, a cloud-based intermodal TMS platform led by Larry Cuddy. Compcare Services, an existing Firmament portfolio company, participated alongside Firmament; financial terms were not disclosed. The move consolidates transportation-focused software capabilities to accelerate technology adoption across the intermodal drayage market.
- Buyers
- The Firmament Group, Compcare Services, LLC
- Targets
- Profit Tools, LLC
- Platforms
- Envase Technologies
- Industry
- Software
- Location
- New Hampshire, United States
- Transaction Type
- Addon
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