The Firmament Group invests in intermodal TMS software Compcare Services
NEW YORK, March 3, 2020 /PRNewswire/ -- The Firmament Group ("Firmament"), a leading provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announced today an investment in Compcare Services, LLC ("Compcare" or the "Company"). Compcare is a provider of cloud-based transportation management systems and mobile applications for intermodal transportation providers, including drayage carriers, third-party logistics companies, and global freight forwarders.
Compcare CEO Jim Hickman commented on the transaction, "We are beyond excited to partner with The Firmament Group. Their team has a demonstrated expertise investing in transportation logistics software and a strong understanding of our business and the efficiencies that we create for our intermodal customers. We believe their financial backing will allow us to accelerate growth while continuing to provide best-in-class service to our tremendous customer base."
Firmament's Green Campbell added, "We believe technological adoption across the intermodal vertical of the supply chain presents a compelling long-term investment thesis, and we are thrilled to act on this thesis by partnering with a company with a 20+ year track record as a leader in the intermodal software niche. We are excited to partner with Jim Hickman and the entire Compcare team, as they look to capitalize on these industry tailwinds and accelerate their impressive growth trajectory in the coming years."
About Compcare
Headquartered in Long Beach, CA, Compcare provides mission-critical cloud-based transportation management system ("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 tacking, electronic data interchange (EDI), API connectivity, document imaging, invoicing, and settlements, among other functions, into a single, streamlined system providing carrier efficiencies and container visibility over the intermodal supply chain.
About The Firmament Group
The Firmament Group (www.thefirmamentgroup.com) provides tailored debt and equity capital solutions to small- and medium-sized enterprises. Firmament is a value-added partner to entrepreneurs, management teams and business owners and curates solutions by deploying versatile capital in a user-friendly way. Firmament seeks both senior and junior debt capital opportunities including unitranche, second lien and mezzanine debt, and also provides equity capital structured as either preferred or common equity. With offices across the United States and in the United Kingdom, Firmament is focused on turning small business into big business.
CONTACT: Allie Reitman, [email protected]
SOURCE The Firmament Group
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