New Heritage Capital

New Heritage Capital, founded in 2006 and based in Boston, Massachusetts, is a private equity firm that specializes in investing in founder- and entrepreneur-controlled businesses. The firm focuses on growth equity investments, typically targeting companies with EBITDA between $4 million and $20 million. New Heritage Capital employs a unique investment structure known as The Private IPO®, which allows for minority equity positions through significant investments in both common and preferred stock. This approach aims to provide liquidity to shareholders while maintaining their control and facilitating company growth. The firm has built a diverse portfolio of over 50 investments across various sectors, including business services, healthcare, and manufacturing, with total revenues exceeding $3.5 billion.

Melissa Barry

Partner

Charlie K. Gifford Jr.

Senior Partner

Charles Gifford Jr.

Co-Founder and Senior Partner

Cole Helvey

Associate

Mark Jrolf

Co-Founder and Managing Senior Partner

Bret Kuchenbecker

Vice President

Alex Martinage

Associate

William Nemeth

Vice President

Nickie Norris

Senior Partner, COO, CCO

Judson Samuels

Partner

Kyle Veatch

Principal

Tristan Velez

Senior Vice President Finance

15 past transactions

JA Moody & Moody Marine Service

Private Equity Round in 2024
Sales and service for selected marine products (valves and actuation devices)

Brilliant

Acquisition in 2024
Brilliant is a branded product and corporate gifting company with a focus on technology, quality, and creativity. It curates, produces, and helps companies distribute memorable branded merchandise and custom products to support marketing, sales, human resources, and companywide initiatives. The company believes that creating and receiving branded products should be as delightful as purchasing from a favorite e-commerce site. It is honored to be their clients' trusted advisors and help them bring their brands to life.

Stratus Technology Services

Venture Round in 2023
Provider of specialized technology consulting services and solutions including application-managed services, implementation and consulting intended to serve across the United States. The company offers insurance solutions, program management, professional services and a program management office, thus solving clients' business objectives.

Icelandirect

Private Equity Round in 2021
Icelandirect has evolved from its initial role as an importer of Icelandic fish oils into a comprehensive provider of marine oils and nutraceutical products for both human and pet consumption. The company offers a diverse range of fish oil products, including omega-3s, tuna oil, squalene, wild Alaskan salmon oil, cod liver oil, algal oil, krill oil, and shark liver oil, characterized by high concentrations of fatty acid ethyl esters and triglycerides. Icelandirect is recognized for its ability to source hard-to-find ingredients and provides extensive custom formulation and packaging services, ensuring a high level of customer service that meets the varied needs of its clientele.

FMS Solutions

Private Equity Round in 2021
FMS Solutions specializes in providing business process outsourcing (BPO) services tailored for independent grocers and multi-unit retailers throughout the United States, Canada, and the Caribbean. The company offers a range of services, including accounting, payroll, tax screening, and human resources, designed to streamline operations and reduce overhead costs. With a team of experienced professionals focused on retail, FMS Solutions aims to transform traditional accounting and payroll functions into effective decision support tools, empowering retailers to make informed strategic decisions on a daily basis.

Carnegie

Private Equity Round in 2020
Carnegie is an innovator in higher education marketing and enrollment strategy, offering groundbreaking services in the areas of Research, Strategy, Digital Marketing, Lead Generation, Slate Optimization, Student Search, and Creative that generate authentic connections.

Carnegie Dartlet

Private Equity Round in 2020
Carnegie Dartlet is a prominent provider of integrated marketing and enrollment services tailored specifically for higher education institutions. With over 30 years of experience, the company specializes in response-driven enrollment marketing and recruitment. Carnegie Dartlet offers a comprehensive suite of services, including customized research, creative and content development, digital marketing campaign execution, and lead generation solutions. By leveraging cutting-edge digital tools and a multichannel lead generation platform, the company enables educational institutions to connect with prospective students effectively. Its approach focuses on understanding and measuring the unique behaviors and motivators of target audiences, fostering genuine human connections in the recruitment process. Additionally, Carnegie Dartlet has earned recognition as a Google Premier Partner, highlighting its expertise in digital marketing within the education sector.

DeWinter Group

Venture Round in 2020
DeWinter Group, LLC is a staffing and recruiting firm based in Campbell, California, with additional offices in San Francisco and Oakland. Established in 2000, the company specializes in providing both temporary and permanent staffing solutions for accounting and finance professionals. It offers a range of services, including executive search, consulting, and contract staffing, as well as senior-level accounting and finance consulting. Additionally, DeWinter Group provides staff augmentation and recruitment services in fields such as data analytics, project management, business systems, and mobile applications. The firm is recognized as a leading provider of staffing solutions in the Bay Area, focusing on connecting companies with skilled professionals in finance, accounting, and information technology.

Rhythmlink International

Private Equity Round in 2019
Rhythmlink International, LLC is a company that specializes in designing, manufacturing, and distributing medical devices, with a particular focus on neurodiagnostic equipment. Their products include bar electrodes, gels, needle electrodes, ET tubes, and stimulating probes, which are used to record or elicit neurophysiologic biopotentials. The company provides custom packaging, private labeling, and contract manufacturing services, enabling clinicians and service providers to streamline their operations by reducing the need for staff to handle EEG electrodes repeatedly. Rhythmlink is known for its leadership in providing essential connections between patients and diagnostic equipment.

Revela Foods

Venture Round in 2019
Revela Foods is a diversified food ingredients company located in New Berlin, Wisconsin, specializing in dairy products. The company produces a variety of offerings, including processed cheese, melting cheese, cheese spreads, and cheese sauces, catering to customers seeking cheese and dairy flavorings for dishes such as sandwiches and soups. Revela Foods is committed to innovation, collaborating with flavor experts and industry professionals to enhance product portfolios and expand menus. Their approach is centered on simplifying the complexities of food, reflecting the belief that while life can be complicated, food should not be. Additionally, the company is focused on organic growth through the development of efficient systems and processes.

Flying Colours

Private Equity Round in 2018
Flying Colours Corp. is an aviation services company that specializes in mid to large-sized business aircraft, including the Bombardier Global Express and Challenger families. Established in 1989 and headquartered in Peterborough, Canada, with additional locations in Ontario and Chesterfield, Missouri, the company offers a comprehensive range of services. These include aircraft completions, maintenance, repair, and operations (MRO), as well as refurbishment and modification services. Their offerings encompass green completions, executive conversions, maintenance and repair, exterior painting, and avionics upgrades. Flying Colours also provides specialized services such as cabinetry construction, in-flight entertainment installation, corrosion inspection, engine and landing gear overhauls, and aircraft documentation. Serving a global clientele across regions such as Europe, the Middle East, Russia, India, and Asia, the company is recognized for delivering tailored solutions that meet the unique requirements of each aircraft.

Continental Services

Private Equity Round in 2017
Continental Services is a provider of contract dining management services catering to small and medium-sized businesses, blue-chip corporations, educational institutions, industrial sites, hospitals, and various other sectors. The company specializes in offering a range of services, including office coffee replenishment, corporate cafés, grab-and-go markets, and special events management. With a team of skilled chefs and food-service industry experts, Continental Services delivers customized solutions to address the unique food management needs of its clients, ensuring quality and satisfaction in every aspect of their culinary offerings.

Tandym Group

Venture Round in 2016
Tandym Group, founded in 1985 and headquartered in New York City, is a prominent provider of recruitment and workforce management solutions, specializing in both temporary staffing and contract placements. The company operates in the Northeast and Florida, serving a diverse range of industries including healthcare, finance, engineering, information technology, legal services, and life sciences. Tandym Group offers a comprehensive suite of services that encompasses full-service recruitment, direct hire, contract-to-hire, and consulting solutions. Its specialized divisions, such as Tandym Health, Tandym Tech, and Tandym Life Sciences, enable the firm to effectively cater to the unique needs of various sectors, ensuring clients receive tailored staffing solutions.

PRN Ambulance

Acquisition in 2015
PRN Ambulance specializes in medical transportation and patient logistics services in Southern California. The company connects patients with medical professionals through reliable mobile healthcare solutions. PRN provides fully equipped ambulance vehicles that feature advanced communication systems, vehicle tracking technology, and medical supervision, ensuring comprehensive care during transport. With a focus on values represented by S.A.F.E. and C.A.R.E.®, PRN emphasizes a commitment to high standards in patient care and customer service. This dedication underpins their industry-leading customer satisfaction efforts, allowing the company to deliver effective and compassionate services to patients and hospitals alike.

Onesource Distributors

Private Equity Round in 2006
Onesource Distributors is a supplier of electrical, automation, and industrial products. They provide products that include electrical contractors. An online inquiry form is available on the company's website.
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