This is news to me, but looks like they're still FMIC. At the time of the IPO that was pulled, Weston Presidio Capital and Yamano of Japan owned a majority of the privately held shares, but Servco was one of the shareholders. Obviously Weston has sold to TPG Capital.
The bottom line is that FMIC has been majority owned by venture capital firms for several years now.
The direct ordering could be great or a disaster, depends on the pricing.