Boston-based private equity firm Heritage Holding (Heritage) has closed its first, institutionally-backed fund with $220m. The fundraise was completed in four months and was oversubscribed with commitments from both institutional investors and HNWIs.
Heritage was founded in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter. Since inception, the Company has established itself as a specialist in acquiring and growing small businesses across the services sector, working closely with owners and founders through operational improvements and M&A to build their companies.
According to a press statement, “the company’s dedicated investment team is experienced in sourcing acquisitions and strives to unlock overlooked opportunities in the small business world. Heritage’s history and forward ambition is to partner with successful business owners in providing private equity capital for M&A and sales growth, software implementation and, when desirable, enabling sellers to transition out of their companies over time”.
Heritage invests across the business services, healthcare, technology, telecom & IT services, industrial services and special situations industries. Since its founding, Heritage has completed over 25 acquisitions across eight platform companies.
