– Firm Overview:
– Heritage Holding is a Boston-based private equity firm founded in 2015.
– Focuses on partnering with small business owners and founders.
– Founded by Harvard Business School classmates Alex de Pfyffer and Ross Porter.
– Recent Fundraising Success:
– Closed its first institutionally-backed Fund I with total committed capital of $220 million.
– The fundraising was completed in four months and was oversubscribed.
– Received commitments from leading institutional investors, high-net-worth individuals, and existing investors.
– Investment Strategy:
– Heritage specializes in acquiring and growing small businesses in the services sector.
– Emphasizes operational improvements and M&A to help businesses become industry leaders.
– Aims to focus on five platforms in key industries and scale them rapidly.
– Actively takes on operational roles in businesses to address unique challenges.
– Value Creation Approach:
– Enhances systems and software to drive sales growth.
– Focuses on sustainable scaling through mergers and acquisitions.
– Founders’ Statements:
– Ross Porter highlighted the opportunity to identify attractive founder-led businesses and build high-performing, sustainable companies.
– Alex de Pfyffer expressed gratitude for investor support and the ability to continue partnering with small business owners to grow their businesses.
– Track Record:
– Heritage has completed over 25 acquisitions across eight platform companies since its inception.
– Industries of investment include business services, healthcare, technology, telecom & IT services, industrial services, and special situations.
– Team Composition:
– The firm has an investment team of over 12 individuals.
