![]() ![]() Combined with the strength and size of WiseTech, we have a powerful platform that we expect to further increase capacity and utilization and drive innovation in what is an intensely complex and highly fragmented ecosystem. Over the past few years, we have assembled and integrated a powerful suite of landside logistics solutions. Envase's CEO Larry Cuddy, Jr, said: "This deal marks the beginning of a new, exciting chapter for Envase. Envase's more than 1,300 customers across North America include trucking companies, ports, depots, and warehouses. Headquartered in the United States, Envase's solutions for carriers automate and provide visibility for the movement of containers across all aspects of import and export drayage and intermodal operations from port and rail terminals to destination. With offices across the United States and in London, United Kingdom, Firmament is focused on turning small business into big business.Firmament (PRNewsfoto/The Firmament Group) 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. 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. The Firmament Group provides tailored debt and equity capital solutions to small- and medium-sized enterprises. It invests through L1 Energy, L1 Technology, L1 Health and L1 Retail. ![]() It buys and builds assets, which it can develop over time as platforms of long-term sustainable growth. It has recruited world-class CEOs, sector investment teams and Advisory Boards to invest at scale. It makes long- term investments of its own capital in companies in which its sectoral experience and strategic and geographic expertise will improve performance and help companies grow. LetterOne's strategy is to build a new portfolio of successful companies that are leaders in their fields and sectors. LetterOne was founded in 2013 and is an international investment business headquartered in Luxembourg. We wish L1 Health and Shane continued success growing the platform domestically and expanding internationally." Parris Boyd, a Principal at Firmament, said, "With Destination Pet, we proved our thesis that integrating veterinary health services with pet care solutions adds value for pet owners, and drove a successful outcome for investors." Brian Peters, a Vice President at Firmament, added, "Destination Pet is a highly scalable business with superior end market characteristics and management. L1 Health will commit up to $450 million of capital to acquire and scale within the veterinary vertical. ![]() Its platform L1 Health targets leading companies and teams that occupy a strategic role in the healthcare sector. LetterOne is an international investment business headquartered in Luxembourg. Shane Kelly, who previously led several companies within the healthcare sector, founded Destination Pet in 2017. At the time of sale, the Company owned and operated over thirty distinct facilities. geographic markets, with a major presence in the Southeast. Headquartered in Highlands Ranch, CO, Destination Pet provides pet care solutions and veterinary services in multiple U.S. 13, 2019 /PRNewswire/ - The Firmament Group ("Firmament"), a leading provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announced today the sale of Destination Pet LLC ("Destination Pet") to L1 Health, the healthcare investment platform for LetterOne. ![]()
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