Heritage Holding, a Boston-based private investment firm, has secured $28.5 million in new investment capital from investors. This funding round provides additional resources for the firm's continued strategy of acquiring and growing lower middle market businesses, reinforcing its capacity to execute its investment thesis.
Founded in 2015 by Alex de Pfyffer and Ross Porter as a Search Fund after their graduation from Harvard Business School, Heritage Holding focuses on companies generating between two and ten million dollars of EBITDA. The firm has a robust track record, having previously closed on a $220 million first institutional fundraise in August 2024. Since its inception, Heritage has completed approximately 35 acquisitions across 11 platform companies. Its diverse portfolio spans critical B2B services sectors, including telecom, IT and cyber security services, healthcare services, and skilled trades services, demonstrating a broad reach within essential service industries.
The newly raised capital will be strategically deployed to support Heritage Holding's ongoing acquisition strategy and further expand its portfolio within its target sectors. This investment underscores investor confidence in the firm's proven model of identifying, acquiring, and scaling small to medium-sized enterprises. The firm emphasizes its team's unique background, stating its composition of entrepreneurs, former CEOs, and investors who are passionate about operating small businesses. This operational expertise is central to its hands-on approach to value creation.
This latest funding round positions Heritage Holding for continued expansion within the lower middle market. It reinforces the firm's ability to identify and integrate promising businesses into its growing portfolio, further solidifying its presence and impact in the B2B services landscape.
