New Heritage Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New Heritage Capital has invested in 5 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 (54%) and buyout (lbo, mbo, mbi) (33%). In total, New Heritage Capital has invested in 12 US states and 3 different countries.

In the last 3 years, New Heritage Capital has exited 3 companies. The Firm’s most common exit type is secondary buyout (58%). 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 Activity47
    • M&A Buy Activity28
    • M&A Sell Activity19
  • Total Sectors Invested 14
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 11
  • M&A Advisors 3

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 40
Enterprise Value 30 -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.4/yr) # 21 2 2 2 1 - 28
Sell (0.6/yr) # 16 - 1 1 - 1 19
vol $864M $864M
  47

Most Recent M&A

Company Date Value Type
Rhythmlink International LLC 2023-03-17 - Secondary Sale
Columbia, South Carolina · www.rhythmlink.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 2020-10-13 - Growth Capital
Westford, Massachusetts · www.carnegiedartlet.com
DeWinter Group 2020-03-09 - Growth Capital
San Francisco, California · www.dewintergroup.com
Eptam Plastics, Inc. 2020-01-24 - Secondary Sale
Northfield, New Hampshire · www.eptam.com
Welcome Dairy Holdings LLC 2019-07-09 - Growth Capital
Colby, Wisconsin · www.welcomedairy.com
Rhythmlink International LLC 2019-03-04 - Growth Capital
Columbia, South Carolina · www.rhythmlink.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 2 (20%) - 7 (25%) -
Consumer Products - - 3 (11%) -
Distribution 1 (10%) - 3 (11%) -
Aerospace 1 (10%) - 2 (7%) -
Business Services 1 (10%) - 2 (7%) -
Food 1 (10%) - 2 (7%) -
Staffing 1 (10%) - 2 (7%) -
Financial Services 1 (10%) - 1 (4%) -
Machinery - - 1 (4%) -
Marketing 1 (10%) - 1 (4%) -
Medical Products - - 1 (4%) -
Plastics - - 1 (4%) -
Publishing - - 1 (4%) -
Test/Measurement Equipment 1 (10%) - 1 (4%) -
Total 10 - 28 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (90%) - 25 (89%) -
  California 3 (30%) - 8 (29%) -
  New York - - 5 (18%) -
  New Jersey 1 (10%) - 2 (7%) -
  Arizona 1 (10%) - 2 (7%) -
  Wisconsin 1 (10%) - 1 (4%) -
  Michigan 1 (10%) - 1 (4%) -
  Massachusetts 1 (10%) - 1 (4%) -
  Florida 1 (10%) - 1 (4%) -
  South Carolina - - 1 (4%) -
  Ohio - - 1 (4%) -
  New Hampshire - - 1 (4%) -
Canada 1 (10%) - 2 (7%) -
  Ontario 1 (10%) - 2 (7%) -
France - - 1 (4%) -
Domestic 9 (90%) - 25 (89%) -
Cross-border 1 (10%) - 3 (11%) -
Total 10 - 28 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 8 (80%) - 15 (54%) -
Buyout (LBO, MBO, MBI) 1 (10%) - 9 (32%) -
Recapitalization 1 (10%) - 4 (14%) -
Total 10 - 28 -

Exits by Deal Type

Type Total # Value
Secondary Sale 11 (58%) 659M (76%)
Trade Sale 5 (26%) -
Trade Sale - Public Company 2 (11%) 205M (24%)
Sold to Management 1 (5%) -
Total 19 $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)
4%
1 (4%)
Exited to
Investor(s)
58%
11 (58%)
Strategic(s)
37%
7 (37%)

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 LLC founded?

New Heritage Capital LLC was founded in 2006.

What type of investor is New Heritage Capital LLC?

New Heritage Capital LLC is a private equity firm.

Where is New Heritage Capital LLC headquartered?

New Heritage Capital LLC is headquartered in Boston, Massachusetts.

How much capital does New Heritage Capital LLC have under management?

New Heritage Capital LLC has 1.4B USD under management.

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