Heritage Holding—a Boston-based private equity firm focused on advancing its successful record of partnering with small business owners and founders—announced the successful closing of its first institutionally backed Fund I, which had a total committed capital of $220 million. The funding was completed in four months and was oversubscribed with commitments from leading institutional investors, high-net-worth individuals, and existing investors.
Heritage was launched in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter. Since its founding, the company established itself as a leader 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 into industry leaders.
The company’s dedicated investment team is highly 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 enabling sellers to transition out of their companies over time.
Along with Heritage’s strong operational involvement, the firm differentiates its value creation strategy by enhancing systems and software, focusing on driving new sales growth and enabling rapid and sustainable scaling through mergers and acquisitions.
Heritage invests across business services, healthcare, technology, telecom and IT services, industrial services, and special situations industries. Since its founding, Heritage has completed 25+ acquisitions across eight platform companies.
KEY QUOTES:
“Our goal is to focus on five platforms in industries that are on our shortlist and to scale those platforms quickly. Operational bandwidth and focused resources for growth are scarce in the small business ecosystem, which gives Heritage a unique opportunity to identify attractive founder led businesses across a variety of critical industries and build high performing and sustainable companies that can drive attractive outcomes for all stakeholders.”
- Ross Porter, Heritage Holding Co-Founder
“Ross and I are extremely proud of the firm we have built, and we are grateful for the continued support of our investors, advisors and for the hard work of the HH team. With strong support from a world-class team of investors, the closing of this fund allows us to continue partnering with small business owners, founders and entrepreneurs to successfully grow their businesses and build leading platforms to better serve customers.”
- Alex de Pfyffer, Heritage Holding Co-Founder
“Heritage did what they said they were going to do, they took care of my team, they tripled my business in size, expanded to the West Coast, and we opened a new successful operation in Canada. They are skilled executives and business operators, but above all they are trustworthy and honest good people.”
- Paul Maiuri, former owner of Maicom
