New Heritage Capital, LLC | News & Articles

2012

May, 7 – Precision Castparts Corporation Acquiring Centra Industries

Heritage announced today the signing of a definitive agreement to sell its portfolio company Centra Industries to Precision Castparts Corp.

January, 17 – REACH Air Medical Services LLC, has acquired CAL-ORE Life Flight, LLC

Acquisition establishes the Company as the entrenched market leader in the Pacific Northwest

2011

November, 1 – OneSource Distributors Sold to Sonepar USA

Heritage announced today the signing of a definitive agreement to sell its portfolio company OneSource Distributors to Sonepar USA.

January, 7 – OneSource Distributors Acquiring D&D Tool & Supply

Acuisition affords growth opportunities for both companies.

2009

November, 2 – Heritage completes a structured equity investment in REACH Air Medical Services, LLC

Structured equity provides growth capital for shareholders

2008

May, 12 – Heritage Partners Completes Private IPO® Recapitalization of Saunders & Associates, Inc.

Private IPO^® Provides Liquidity and Ownership

2007

November, 11 – Heritage Completes Investment in Centra Industries Inc.

Private IPO^® Provides Liquidity and Ownership

May, 30 – Partners in Growth, OneSource Distributors, LLC

Minority-owned companies have become a critical link in corporate America's supply chain.
-Fortune Magazine (288K PDF)

2006

August, 8 – Boston Business Journal, executive profile of Peter Hermann, "Adventure Capitalist."

Adventure Capitalist. Heritage's Hermann took the less traveled road in buying and selling family businesses.
-Boston Business Journal (60K PDF)

June, 25 – Modern Distribution Management, "A Different Exit Strategy. Distributor details option for owners not ready to lose control."

Heritage Partners recently purchased a 49 percent stake in OneSource Distributors, a $170-million electrical and utility product distributor based in Oceanside, CA.
-Modern Distribution Management (148K PDF)

June, 21 – Heritage Partners Sells Castle Rock Industries To Alfred Kärcher GmbH

Investment Employed Private IPO^® Structure

May, 31 – Heritage Partners Completes Recapitalization of OneSource Distributors

Employs Private IPO^® Structure, Providing Liquidity and Ownership

March, 2 – Buyouts, "Deal of the Year: Heritage Shows Skills with Healthcare Deal."

Heritage Partners, known for its focus on family-owned buinesses, built Skilled Healthcare from a $70 million family-owned business to a $450 million industry leader.
-Buyouts (540K PDF)

February, 1 – New Corporate Identity for Advance Group, Inc.

The Time is Right to Re-Introduce Newly Named Company

2005

October, 31 – Heritage Partners Sells Cecilware Holdings, Inc. to Jefferies Capital Partners

Heritage Partners announce that it has sold its interests in Cecilware Holdings, Inc., to an investment group led by Jefferies Capital Partners.

October, 24 – Heritage Partners Sells Skilled Healthcare Group, Inc. for $640 Million

Heritage Partners announced today the signing of a definitive agreement to sell its portfolio company Skilled Healthcare Group Inc., a leading regional company with subsidiaries that operate 70 long-term care facilities and provide contract therapy and hospice services in the western United States.

July, 18 – Stephen Sullivan Joins Board of Enterprise NewsMedia, LLC.

Enterprise NewsMedia, publisher of two daily and 13 weekly newspapers serving southeastern Massachusetts, has announced that Stephen Sullivan has joined its Board of Directors.

July, 11 – The Butler Company and Burns Veterinary Supply announce the completion of their business combination: Nation’s largest distributor of animal health products is formed.

The Butler Company (“Butler”) and Burns Veterinary Supply, Inc. (“Burns”) have today announced the completion of their business combination, first announced disclosed April 18, 2005.

June, 16 – Heritage Partners Completes Innovative Recapitalization Of Skilled Healthcare Group

Heritage Partners announced today the completion of an innovative $420 million recapitalization of its portfolio company, Skilled Healthcare Group (SHG).

April, 18 – The Butler Company and Burns Veterinary Supply, Inc. to merge, forming the nation’s leading distributor of animal health supplies to veterinarians.

Combined Company Will Provide Unparalleled Opportunities and Unequalled Service to the Veterinary Profession.

March, 14 – Brown Shoe to acquire Bennett Footwear

Brown Shoe Company, Inc. (NYSE:BWS) announced today a definitive agreement to acquire Bennett Footwear Group, LLC, a private company majority-owned by Heritage Partners, Inc., for $205 million in cash, less indebtedness.

Download Company Overview
(116K PDF)

Download Healthcare Overview
(116K PDF)