Firmament, a provider of structured equity capital solutions to small- and medium-sized enterprises, made a strategic investment in BP Environmental Services, a commercial waste and jobsite services companies. This transaction represents Firmament’s ninth platform investment in the environmental services sector since its inception.
BP partnered with Expedition Capital Partners (ECP) in 2021, driving growth through strategic acquisitions and operational enhancements. In 2025, ECP and Firmament joined forces to recapitalize BP, fueling the company’s next phase of growth and innovation.
“This partnership marks an exciting milestone for BP as we continue to scale our operations and enhance our service offerings,” Tom France, CEO of BP Environmental, said. “Firmament’s expertise in the environmental services sector, combined with ECP’s continued support, positions us to deliver even greater value to our customers while expanding our footprint across North America.”
“BP Environmental has achieved remarkable growth over the past few years, and we’re thrilled to welcome Firmament as a partner in this next chapter,” Michael Hendrie, managing partner at Expedition Capital Partners, said. “Together, we are well-equipped to drive continued success and capitalize on new opportunities in the waste management space.”
“BP Environmental Services has established itself as a leader in the managed waste industry, with an impressive track record of innovation and customer-centric service,” Brian Peters, principal at Firmament, said. “We are proud to partner with the BP team and ECP to support the company’s growth strategy and deliver sustainable, high-quality solutions to its clients.”
