New Heritage Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New Heritage Capital has invested in 4 companies.

New Heritage Capital’s most common sectors for investment arehealthcare services (25%) and consumer products (11%) . The Firm’s most common investment types include growth capital (56%) and buyout (lbo, mbo, mbi) (32%). In total, New Heritage Capital has invested in 13 US states and 3 different countries.

In the last 3 years, New Heritage Capital has exited 4 companies. The Firm’s most common exit type is secondary buyout (53%). New Heritage Capital’s largest (disclosed) exit occurred in 2005 when it sold Skilled Healthcare Group for $640M.

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M&A Summary

  • M&A Total Activity50
    • M&A Buy Activity29
    • M&A Sell Activity21
  • Total Sectors Invested 15
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 13
  • M&A Advisors 3

New Heritage Capital

New Heritage Capital LLC

Prudential Tower, 800 Boylston Street, uite 1535,
Boston, Massachusetts 02199
United States
(617) 439-0688
www.newheritagecapital.com
info@heritagepartnersinc.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Beverages, Building Materials, Business Services, Consumer Products, Distribution, Electrical Equipment, Food, Healthcare Services, Machinery, Manufacturing, Marketing, Media, Packaging, Plastics, Publishing, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 30 -
Target EBITDA 4 20
Investment Size 15 50
Enterprise Value 30 -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 23 2 2 1 1 - 29
Sell (1.0/yr) # 16 1 1 - 3 - 21
vol $864M $864M
  50

Most Recent M&A

Company Date Value Type
Revela Foods LLC 2023-12-18 - Trade Sale
New Berlin, Wisconsin · www.revelafoods.com
Flying Colours Corp. 2023-08-01 - Trade Sale
Peterborough, Ontario · www.flyingcolourscorp.com
Rhythmlink International LLC 2023-03-17 - Secondary Sale
Columbia, South Carolina · www.rhythmlink.com
Stratus Technology Services LLC 2023-03-08 - Growth Capital
Shrewsbury, New Jersey · www.stratustech.com
AMFM Healthcare 2022-07-19 - Growth Capital
San Juan Capistrano, California · www.amfmtreatment.com
Icelandirect LLC 2021-08-11 - Growth Capital
Clifton, New Jersey · www.icelandirect.com
Tandym Group 2021-04-06 - Secondary Sale
New York, New York · www.tandymgroup.com
FMS Solutions Holdings LLC 2021-02-18 - Growth Capital
Ft Lauderdale, Florida · www.fmssolutions.com
Carnegie Dartlet LLC 2020-10-13 - Growth Capital
Westford, Massachusetts · www.carnegiedartlet.com
DeWinter Holdings LLC 2020-03-09 - Growth Capital
Campbell, California · www.dewintergroup.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 1 (13%) - 7 (24%) -
Consumer Products - - 3 (10%) -
Distribution 1 (13%) - 3 (10%) -
Aerospace - - 2 (7%) -
Business Services 1 (13%) - 2 (7%) -
Food - - 2 (7%) -
Staffing 1 (13%) - 2 (7%) -
Financial Services 1 (13%) - 1 (3%) -
Information Technology 1 (13%) - 1 (3%) -
Machinery - - 1 (3%) -
Marketing 1 (13%) - 1 (3%) -
Medical Products - - 1 (3%) -
Plastics - - 1 (3%) -
Publishing - - 1 (3%) -
Test/Measurement Equipment 1 (13%) - 1 (3%) -
Total 8 - 29 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (100%) - 26 (90%) -
  California 2 (25%) - 8 (28%) -
  New York - - 5 (17%) -
  New Jersey 2 (25%) - 2 (7%) -
  Arizona 1 (13%) - 2 (7%) -
  Michigan 1 (13%) - 1 (3%) -
  Massachusetts 1 (13%) - 1 (3%) -
  Florida 1 (13%) - 1 (3%) -
  Wisconsin - - 1 (3%) -
  South Carolina - - 1 (3%) -
  Pennsylvania - - 1 (3%) -
  Ohio - - 1 (3%) -
  New Hampshire - - 1 (3%) -
Canada - - 2 (7%) -
  Ontario - - 2 (7%) -
France - - 1 (3%) -
Domestic 8 (100%) - 26 (90%) -
Cross-border - - 3 (10%) -
Total 8 - 29 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (75%) - 16 (55%) -
Buyout (LBO, MBO, MBI) 1 (13%) - 9 (31%) -
Recapitalization 1 (13%) - 4 (14%) -
Total 8 - 29 -

Exits by Deal Type

Type Total # Value
Secondary Sale 11 (52%) 659M (76%)
Trade Sale 6 (29%) -
Trade Sale - Public Company 3 (14%) 205M (24%)
Sold to Management 1 (5%) -
Total 21 $864M

Top M&A Advisors

Financial Deals
League Park Advisors LLC
 1
Lincoln International
 1
Legal Deals
Choate Hall & Stewart LLP
 4

Deal Values

sell # Total
$100M to $1B 2 $845M
< $100M 1 $19M
TOTAL $864M
Largest Skilled Healthcare Group, Inc.
$640M (2005-10-24)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Exited to
Investor(s)
52%
11 (52%)
Strategic(s)
43%
9 (43%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.4B USD

Established

2006

Specialist/Generalist

Generalist

Leadership

Charles Gifford

Co-Founder & General Partner

Nickie Norris

Co-Founder & Senior Partner, COO, CCO

Mark Jrolf

Founder & Managing Senior Partner

Judson Samuels

Partner

Melissa Barry

Partner

FAQ

When was New Heritage Capital founded?

New Heritage Capital was founded in 2006.

What type of investor is New Heritage Capital?

New Heritage Capital is a private equity firm.

Where is New Heritage Capital headquartered?

New Heritage Capital is headquartered in Boston, Massachusetts.

How much capital does New Heritage Capital have under management?

New Heritage Capital has 1.4B USD under management.

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