Articles from New Heritage Capital

Icelandirect, LLC (“Icelandirect”), a portfolio company of New Heritage Capital, has acquired SOMA LABS, a New Jersey-based supplement manufacturer specializing in solid dosage form production. The transaction closed in February 2026. The acquisition is a direct investment in capability — expanding what Icelandirect can build, manufacture, and deliver for its clients across both the human nutrition and pet supplement markets.

FMS Solutions (“FMS”), a New Heritage Capital (“Heritage”) portfolio company, announced it has made a substantial new market entry into the restaurant accounting vertical via the acquisitions of Merchants Accounting Services, Inc. (“MAS”) and AMP Services, LLC (“AMP”). MAS and AMP both provide accounting and consulting services to multi-site restaurants and hospitality customers.

JA Moody, a premier maritime supplier of fluid control valves, actuators, strainers, parts and services to the United States Navy and Commercial Marine industry, today announced a strategic partnership and investment from New Heritage Capital ("Heritage"), a Boston-based private equity firm specializing in founder-owned businesses. The investment was structured using Heritage's Private IPO® solution, which preserves operational control for JA Moody's management while providing capital for accelerated growth. Terms of the transaction, which included Moody Marine Services, the company’s technical services division, were not disclosed.

New Heritage Capital (“Heritage”) is pleased to announce the successful exit of its investment in Continental Services (“Continental” or the “Company”). Continental was acquired by Morgan Street Holdings, LLC, an investment group focused on acquiring business services and consumer product companies.

New Heritage Capital (“Heritage”) is pleased to announce the successful exit of its investment in Revela Foods (“Revela” or the “Company”). The Company was acquired by ADM (NYSE: ADM), a Fortune 50 global human and pet nutrition company, to further expand its flavor ingredient solutions offering.

New Heritage Capital (“Heritage”) announced today the closing of its oversubscribed fourth fund, New Heritage Capital IV, L.P. (the “Fund”), at $438 million in total capital commitments, exceeding its target of $350 million. Heritage is a Boston-based private equity firm focused on partnering with high-growth, founder-owned businesses in the middle market.

New Heritage Capital, a leading private equity firm specializing in investing alongside middle-market founder-owned businesses, is pleased to announce the appointment of Greg Katz as Vice President of Business Development. Mr. Katz brings a wealth of experience and expertise to the firm's leadership team and will play a pivotal role in driving the company's growth initiatives.

Higher education marketing and enrollment strategy leader Carnegie announced today its acquisition of CLARUS Corporation, a pioneer of community college marketing. Carnegie recognizes the vital part community colleges play in higher education and their role in guiding students to the right educational opportunities. Together, Carnegie and CLARUS will be better positioned to serve community colleges and their constituents—promoting the value of education and connecting students with two-year educational opportunities, a goal in line with Carnegie’s own mission.

New Heritage Capital (“Heritage”) is pleased to announce the successful exit of its investment in Rhythmlink International, LLC (“Rhythmlink” or the “Company”). The Company has partnered with Graham Partners, a Philadelphia-based private equity firm, for its next phase of growth.

Stratus Technology Services (“Stratus” or the “Company”), a global provider of specialized technology services, including application managed services, implementation, and consulting, is pleased to announce a new partnership with and investment by New Heritage Capital (“Heritage”), a Boston-based private equity firm focused on partnering with high-growth, founder-owned businesses. The investment was structured using Heritage’s Private IPO® solution, which leaves operating control in the hands of current Stratus management while providing the financial flexibility to accelerate future growth.

Higher education marketing and enrollment strategy leader Carnegie Dartlet LLC (“Carnegie”), a New Heritage Capital portfolio company, announced today its acquisition of mStoner, one of the industry’s most trusted web design and technology companies. This is Carnegie’s second portfolio expansion this year, following the merger with Underscore in May. The acquisition demonstrates Carnegie’s commitment to delivering customized and integrated marketing, technology and enrollment solutions for its university partners.

Welcome Dairy Holdings (“Welcome”), a New Heritage Capital portfolio company, is pleased to announce it has acquired North Star Processing (“North Star”). North Star is a leading provider of spray drying services for the food ingredient industry, with an impressive track record of growth since it was founded in 2000. The acquisition further extends Welcome’s capabilities and will allow it to provide services spanning initial flavor formulation through full scale ingredient manufacturing.

Carnegie Dartlet (“Carnegie”), a New Heritage Capital portfolio company, announced it has merged with Underscore. This combination brings together Carnegie’s innovative enrollment marketing and strategy services with Underscore’s Slate CRM development, optimization and student search business to offer a full enrollment strategy solution for its combined customers.

New Heritage Capital (“Heritage”) is pleased to announce the successful exit of its investment in The Execu|Search Group (“Execu|Search” or the “Company”). The Company has partnered with Mill Rock Capital and Intermediate Capital Group.