The Firmament Group and Harwood Private Capitalannounced today an investment in Principal Logistics Technologies, a company that specializes in warehouse management system software solutions. The company has developed expertise within the United Kingdom and Irish cold storage, 3PL, and chemical warehouse sectors.
Principal Logistics is founded and led by Peter Flanagan, who founded the Company in 1993 and is the original product developer. Recently appointed, Brian Connolly has been driving the Company’s acquisitions as the Corporate Development Director. Collectively, the entire management team has decades of experience with some members having been with the Company for more than 10 years.
Firmament and Harwood’s investment in Principal Logistics will support the Company’s growth strategy, which includes its most recent acquisition of Dublin-based company, Brentech Data Systems (“Brentech”). Brentech is a certified provider of distribution, warehouse management and ERP software solutions. Principal Logistics’ Flanagan commented, “I am excited that our longstanding experience in deploying warehouse management software technology into the healthcare supply chain sector, as well as into a range of other sectors, will be increased by this strategic acquisition.”
Flanagan added, “I want to thank Firmament and Harwood for the support they provided on this transaction. They are champions of small and mid-sized companies like Principal Logistics, and they provided a flexible capital solution, which helped us achieve our objectives.”
Simmons & Simmons provided legal advice to Firmament while Dentons acted on behalf of Harwood.