Tracked deals
24
24 tracked deals across 2020-2026.
Private Equity Firm
Financial Services
Firmament
New York, New York, United States
Firmament provides tailored equity and debt capital solutions to small- and medium-sized enterprises, concentrating on software and services businesses with significant scaling potential in healthcare, logistics, wellness and environmental sectors.
- Focus Areas
- Private equity, Structured equity, Growth debt
- Website
- firmament.com
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Addon
13 addon · 6 growth capital · 3 buyout
Firmament Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 24 tracked deals for Firmament.
-
- Buyer
- Matador Gas LLC, Firmament
- Target
- Action Propane, Inc., Ozark Mountain Propane Company
- Seller
- Murray and Wanda Hoggarth (founders of Action Propane; legacy referenced), Jennifer Stowe (daughter of Ozark Mountain founder; involved in decision to sell)
- Industry
- Energy
- Location
- United States
- Type
- Addon
Matador Gas LLC, backed by Firmament, has completed the acquisitions of Action Propane, Inc. (based in Leander, Texas) and Ozark Mountain Propane Company (headquartered in Garfield, Arkansas). The deals expand Matador’s footprint across Texas and Arkansas and increase density in its existing service areas by adding long-established local propane operators.
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November 7, 2025
- Buyer
- BP Environmental Services, Expedition Capital Partners, Firmament
- Target
- Synergis Zero Waste Group
- Industry
- Environmental Services
- Location
- New York, United States
- Type
- Addon
BP Environmental Services, a portfolio company of Expedition Capital Partners and Firmament, has acquired Synergis Zero Waste Group. The add-on deal expands BP's waste and recycling service capabilities and strengthens its geographic presence, including additional West Coast coverage.
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August 20, 2024
- Buyer
- The Firmament Group
- Target
- Whitecap Waste Holdings, LLC
- Seller
- Mollitiam Holdings, LLC, Whitecap Enterprises, LLC
- Industry
- Environmental Services
- Location
- West Virginia, United States
- Type
- Recapitalization
The Firmament Group has recapitalized Whitecap Waste Holdings, LLC, a West Virginia-based solid waste collection and disposal company founded in 2019. The transaction represents a recapitalization/ownership transition involving prior investors (including Mollitiam Holdings and Whitecap Enterprises) and positions Firmament to support the company’s regional waste collection and disposal operations under existing management.
-
- Buyer
- Alchemy Analytical Group, Firmament
- Target
- Spectron
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Addon
Firmament provided growth capital to Alchemy Analytical Group (AAG) to support AAG's acquisition of Spectron, a Ventura-based manufacturer of cones and skimmers for ICP-MS/atomic spectroscopy instruments. The deal combines Spectron's specialized manufacturing capabilities with AAG's broader consumables and reference materials offering to strengthen AAG's market position in the atomic spectroscopy consumables market.
-
- Buyer
- Scanco Software, LLC, Firmament
- Target
- Appolis, LLC (d.b.a. WithoutWire Inventory Sciences)
- Industry
- Software
- Location
- Minnesota, United States
- Type
- Addon
Scanco Software, a Firmament-backed provider of warehouse and manufacturing automation software, has acquired Appolis, LLC (d.b.a. WithoutWire Inventory Sciences), a specialist in complex inventory and warehouse management systems. The acquisition expands Scanco's product suite to serve Microsoft Dynamics and NetSuite customers and strengthens its end-to-end offerings for SMB distribution and manufacturing customers.
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May 14, 2024
- Buyer
- Firmament
- Target
- Whitecap Waste (Whitecap Waste Holdings, LLC)
- Seller
- Mollitiam Holdings
- Industry
- Environmental Services
- Location
- West Virginia, United States
- Type
- Recapitalization
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.
-
- Buyer
- Firmament
- Target
- Sparkle Express Car Wash Group
- Industry
- Automotive
- Location
- Illinois, United States
- Type
- Growth capital
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.
-
January 16, 2024
- Buyer
- Firmament
- Target
- Navitrans
- Industry
- Logistics & Distribution
- Location
- West Flanders, Belgium
- Type
- Buyout
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.
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October 18, 2023
- Buyer
- Firmament
- Target
- Matador Gas
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Firmament, a structured equity investor, has made a strategic growth investment in Matador Gas, a retail propane distributor and standby generator service provider. The capital will support Matador's expansion plans, technology investments and service capability enhancements as the company grows its footprint around Houston and adjacent markets.
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October 5, 2023
- Buyer
- Firmament
- Target
- LightRidge Solutions Holdings LLC
- Industry
- Aerospace & Defense
- Location
- United States
- Type
- Growth capital
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.
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October 3, 2023
- Buyer
- Firmament, Prime Providers
- Target
- Right Choice In-Home Care
- Seller
- Linda Weinberg, Don Lucas
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Addon
Firmament has made a structured equity/debt investment in Prime Providers to support Prime's acquisition of Right Choice In-Home Care. The combination creates a larger California home-based healthcare platform offering private duty nursing, ABA therapy and personal/respite care for pediatric and adult patients, including those with intellectual and developmental disabilities (IDD).
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June 6, 2023
- Buyer
- Firmament
- Target
- Scanco Software, LLC
- Industry
- Software
- Location
- Florida, United States
- Type
- Buyout
Firmament, a structured equity investor, has acquired Scanco Software, a provider of warehouse and manufacturing automation software. The investment will fund product innovation, support strategic acquisitions, and drive growth while Scanco’s executive management team — including President and CEO Andrew Nunez — remains in place.
Related Acquisition Pages
Healthcare Services Buyers & Acquisitions
5 tracked deals by Firmament.
Software Buyers & Acquisitions
4 tracked deals by Firmament.
Environmental Services Buyers & Acquisitions
3 tracked deals by Firmament.
Logistics & Distribution Buyers & Acquisitions
3 tracked deals by Firmament.
Acquisitions in California
3 tracked deals by Firmament.
Acquisitions in Florida
2 tracked deals by Firmament.
Acquisitions in West Virginia
2 tracked deals by Firmament.
Acquisitions in Arkansas
1 tracked deal by Firmament.
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