GPS offers a variety of management services to its practices, including billing and accounting, patient scheduling assistance, HR functions, marketing, and insurance. Headquartered in Jonesboro, AR, GPS ( ) is a DSO provider that manages 20 dental practices in Arkansas, Indiana, Tennessee, Missouri, and Oklahoma. We believe strongly in management’s partnership-driven approach to practice management and look forward to continued growth as GPS deepens its footprint in the Southern and Midwestern regions.” Firmament initially invested in GPS in December 2020 and has provided additional capital to support the Company’s acquisitions during the past quarter.įirmament’s Lauren Steel added, “We are thrilled by the success that Hunter, Will, and the GPS team have had executing on their strategy and were excited to support the team in consummating these three acquisitions. William Little, who co-founded the Company in 2015. This includes advising Meanings Capital and the management team on the sale of a majority stake in Groupe Sterne to Tikehau Capital, and the MBO of a specialist logistics solutions provider backed by a UK private equity house.GPS is led by experienced dentists and DSO operators Dr. This transaction further demonstrates Alantra’s experience in the logistics technology sector, having completed three transactions within the last two weeks. As an established supply chain investor, we are committed to providing the capital solutions necessary for the ParcelHero team to grow and further develop its technology suite.” Firmament designed its core Structure investment strategy to capitalize on the market inefficiencies that plague small business owners. Ted Wong, Principal at Firmament, added: “We are thrilled to partner with Roger and the entire ParcelHero team to capitalise on the numerous industry tailwinds within the multi-carrier shipping software industry. Both parties are experienced in working with logistics technology businesses and will be great partners to ParcelHero.” Roger Sumner Rivers, Founder of ParcelHero, commented: “We are delighted to have Firmament and Westbrooke alongside us as we finalise development of what we believe is a truly differentiated and market leading carrier management platform, releasing to retailers in Q1 2022. He has a really exciting vision for ParcelHero’s new B2B proposition and we believe Firmament and Westbrook will be great partners to help realise this.” Robert Young, Director at Alantra, said: “It has been great to support Roger and his team through this process. This investment from Firmament will help fund the ongoing development of ParcelHero’s leading B2C software platform and a new B2B capability, which will enable retailers to manage multiple carrier relationships through a single platform.Īlantra advised ParcelHero on the transaction, led by Robert Young with support from Harry Sparks. ParcelHero’s technology allows businesses of all sizes to optimise shipping costs and automate logistics processes. The business offers domestic and international shipping options via the largest selection of carrier partners in the UK. ![]() Westbrooke Alternative Asset Management (“Westbrooke”) partnered with Firmament as a co-investor in the transaction.įounded by industry veteran, Roger Sumner Rivers, who has over 25 years of experience in the logistics technology space, ParcelHero is a leading e-commerce shipping platform and provider of multi-carrier shipping software to enterprises and consumers. ![]() ![]() Alantra, the independent global mid-market investment bank, has advised ParcelHero, a leading e-commerce shipping platform and software provider, on receiving significant investment from US-based The Firmament Group (“Firmament”), a leading provider of tailored capital solutions.
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