Investment Summary

New Heritage Capital Invests In FMS Solutions

On February 18, 2021, private equity firm New Heritage Capital invested in financial services company FMS Solutions

Investment Highlights
  • This is New Heritage Capital’s 1st transaction in the Financial Services sector.
  • This is New Heritage Capital’s 23rd transaction in the United States.
  • This is New Heritage Capital’s 1st transaction in Florida.

Investment Summary
Date 2021-02-18
Target FMS Solutions
Sector Financial Services
Investor(s) New Heritage Capital
Deal Type Growth Capital

Target

FMS Solutions

Ft Lauderdale, Florida, United States
website
FMS Solutions is a provider of business process outsourcing (“BPO”) services to independent grocers and other multi-unit retailers. FMS’s comprehensive range of accounting and payroll solutions enables its 5,000+ retailer customers to run more efficient operations and make informed strategic decisions on a daily basis. FMS Solutions was founded in 1974 and is based in Ft Lauderdale, Florida.

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Investor(S) 1

Investor

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital LLC is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital LLC was formed in 2006 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 26 of 29
Sector (Financial Services) 1 of 1
Type (Growth Capital) 13 of 16
State (Florida) 1 of 1
Country (United States) 23 of 26
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Carnegie Dartlet

Westford, Massachusetts, United States

Carnegie Dartlet is a provider of strategic marketing solutions specializing in the higher education market. Carnegie Dartlet offers a comprehensive range of solutions including customized research, creative and content development, digital marketing campaign execution, and lead generation services. Carnegie Dartlet was founded in 1983 and is based in Westford, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Tandym Group

New York, New York, United States

Tandym Group is a recruitment firm focused on serving accounting firms, boutique hedge funds, and private equity funds. Tandym Group was founded in 1985 and is based in New York.

Sell -
Mergr

Product

Company

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