New Heritage Capital invests in DeWinter Group
New Heritage Capital (Heritage), a Boston-based private equity firm, has made a platform investment in Northern California-based DeWinter Group (DeWinter), a provider of temporary and permanent staffing solutions with expertise in finance, accounting and information technology.
The transaction was structured using Heritage’s unique Private IPO solution, which leaves operating control in the hands of the reinvesting owners while providing them the desired liquidity and financial flexibility to accelerate future growth.
DeWinter has provided high-skilled staffing solutions in the San Francisco Bay Area for 20 years, building a reputation for an unwavering commitment to serving its clients and candidates. “We are thrilled to be partnering with Heritage,” says Shane Oberg, Partner & CEO. “They have shown a track record of success in our industry and are committed to the growth of our company for many years to come.” Derek DeWinter, Founding Partner and President, added, “In Heritage, we found a partner that understands the culture and legacy we have built and believes in our vision for the future.”
Judson Samuels, Partner at Heritage, says: “We believe that the combination of DeWinter’s reputation, deep and long-standing client and candidate relationships, and committed management team has driven the Company’s success to-date. We look forward to working with Derek, Shane and the entire DeWinter team to continue to drive that success going forward.”
Citizens M&A Advisory served as the exclusive financial advisor to DeWinter Group.