Heritage Advises McCurdey-Walden, Inc.
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, McCurdy-Walden, Inc., has been acquired by Core Roofing Systems, a portfolio company of Shoreline Capital. McCurdy…
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Exact, Inc. Acquired by Chancey Metal Products
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, Exact, Inc., has been acquired by Chancey Metal Products, a portfolio company of Indigo South Capital. Exact was f…
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Sandar Industries Inc. Acquired by Ryeco
Heritage Capital Group, an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, Sandar Industries, Inc., has been acquired by Ryeco, LLC. Sandar, headquartered in Atlantic Beach, FL, designs, engineer…
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Power & Pumps Has Been Acquired by Motion & Control Enterprises
Heritage Capital Group an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, Power & Pumps, Inc., has been acquired by Motion & Control Enterprises. Power & Pumps is a leading distributo…
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Heritage Announces Promotion of Bobby Ward to the Position of Analyst
Heritage Capital Group is pleased to announce the promotion of Bobby Ward to the position of Analyst. This promotion highlights Heritage's commitment to nurturing talent from within and recognizing the outstanding dedication and skill exhibited by Bobby. Having joined Heritage as an intern, Bobby quickly demonst…
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Heritage Appoints Ryan Waters as the New Chief Operations Officer
Heritage is pleased to announce the appointment of Ryan Waters as the new Chief Operations Officer (COO). In this pivotal role, Ryan will be responsible for spearheading the firm’s operational strategy, driving efficiency, and delivering exceptional client experiences. With over 25 years of experience in clinica…
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Brunet-García Has Been Acquired by Fors Marsh
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, Brunet-García, has been acquired by Fors Marsh. Brunet-García is a full-service social impact marketing agency and G…
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Heritage Capital Group Expands Metal Industry Team
Heritage Capital Group is pleased to announce that it has strengthened its capabilities by adding two professionals to its metals industry team. John Montgomery, of Birmingham, AL, and Stan Baucum, of Waxahachie, TX, have joined Heritage’s growing industry team, which includes Doug Kravet, Bert Tenenbaum, and John…
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Heritage Capital Group Welcomes Stan Baucum
Heritage Capital Group is pleased to announce that Stan Baucum has joined the firm as an industry specialist. His broad experience in the metals industry will allow him to help advise companies through M&A transactions. Stan began his career at Chaparral Steel Company in 1984 and held numerous leadership posit…
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Heritage Capital Group Welcomes John Montgomery
Heritage Capital Group is pleased to announce that John Montgomery has joined the firm as a principal. John's broad experience in operations and management within the metals industry makes him a valued addition to Heritage's growing metals industry team. John joins Heritage with over 25 years of operational and bu…
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Athletic Recovery Zone Has Been Acquired by Dragon Seats
Heritage Capital Group is pleased to announce that its client, Athletic Recovery Zone, has been acquired by Dragon Seats. Athletic Recovery Zone was founded in 2010 by commercial and industrial HVAC specialists, Brian Cothren and Billy Quillen, to create modular climate control bench systems. The concept was bor…
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Heritage Capital Group Welcomes Chuck West
Heritage Capital Group is pleased to announce that Chuck West has joined the firm as an industry specialist. His broad experience includes developing and executing strategic plans, sourcing capital and resources, and enhancing growth and profitability for the companies he advises. His primary focus is on working w…
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Roadrunner Express Lube Has Been Acquired by Strickland Brothers 10 Minute Oil Change
Heritage Capital Group is pleased to announce that Roadrunner Express Lube has been acquired by Strickland Brothers 10 Minute Oil Change. The acquisition of Roadrunner furthers Strickland Brother’s geographic footprint in the Southeast. Roadrunner is an independent operator of seven quick change and lube shops l…
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Malone Steel Has Been Acquired by New South Construction Supply
Heritage Capital Group is pleased to announce that its client, Malone Steel Corporation, has been purchased by New South Construction Supply. Malone Steel is a distributor of rebar and has been providing exceptional customer service to contractors in North Florida for over 30 years. The company will continue to …
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St. Johns Food Service Has Been Acquired by an Investor Group
Heritage Capital Group is pleased to announce that its client, St. Johns Food Service, has been acquired by an investor group led by the owners of Alhambra Theater and Dining. St. Johns Food Service was founded in 1949 by a local veterinarian, Dr. Ronald F. Jackson, who rented frozen locker space to local restau…
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Heritage Announces New Director of Investment Banking Services
Heritage Capital Group is pleased to announce Robert Cilek as the new Director of Investment Banking Services. Robert will lead the analytical and execution efforts of Heritage's principals engaged in investment banking activities, including mergers and acquisitions, capital raising, and strategic consulting. In h…
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Atlas Greenhouse Has Been Purchased by Mangrove Equity Partners
Heritage Capital Group is pleased to announce that its client, Atlas Greenhouse, has been purchased by Mangrove Equity Partners. Atlas manufactures, sells, and distributes a complete line of standard and custom greenhouse structures from its facility in Alapaha, Georgia. The Company is a full product line manufa…
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Heritage Capital Served as Financial Advisor for Ackerman Cancer Center
Heritage Capital Group, an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that it has successfully completed a transaction with Valley Bank for Ackerman Cancer Center. Heritage worked closely with the executive mana…
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Heritage Capital Advises iVenture in Acquisition
Heritage Capital Group is pleased to announce that its client, iVenture Solutions, has successfully acquired Gwanda, an IT solutions provider. The acquisition of Gwanda represents another milestone in iVenture’s growth strategy, which includes expanding its service offerings and geographic footprint. iVenture So…
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Sparr Building and Farm Supply Has Been Purchased by Nation's Best
Heritage Capital Group is pleased to announce that its client, Sparr Building & Farm Supply, has been purchased by Nation's Best. Sparr Building & Farm Supply is a family business that has served customers in Central Florida for more than seven decades. The Company has four stores that blend the best cha…
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Klein Steel Service Has Been Acquired by Alro Steel
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Klein Steel Service, Inc., has been acquired by Alro Steel. Klein Steel, a premier metals supplier and processing cent…
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Illingworth Engineering Company Has Been Acquired by Thermal Tech
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Illingworth Engineering Company, has been acquired by Thermal Tech, Inc. Illingworth specializes in the design, sale, …
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Heritage Capital Group Served as Exclusive Sell-Side Advisor in Sale-Leaseback Transaction
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce the successful sale-leaseback of an industrial property to an institutional buyer. The property was owned by Georgia Construction Produ…
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Heritage Capital Group Welcomes JP Allen
Heritage Capital Group is pleased to announce that JP Allen has joined our growing company as a senior analyst. As part of Heritage's transaction support team, JP will assist in planning and executing investment banking transactions. JP brings a strong background in financial analysis and research to the Heritage …
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Heritage Capital Group Welcomes Rick Snyder
Heritage Capital Group is pleased to announce that Rick Snyder has joined the firm as an industry specialist. Rick will primarily focus on the aviation and maritime industry. His broad experience which includes strategic planning, risk management, and organizational development will help guide companies as they bu…
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Versatrim Has Been Acquired by Saw Mill Capital
Heritage Capital Group, Inc., is pleased to announce that its client, Versatrim, has been acquired by Saw Mill Capital. Versatrim, located outside of Raleigh, NC, manufactures, sells, and distributes a complete line of custom coordinated laminate floor molding and trim for laminate and vinyl flooring, selling excl…
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Ghiotto & Associates Has Been Acquired by SAM Companies
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Ghiotto & Associates, Inc. ("Ghiotto"), has been acquired by SAM Companies ("SAM").Headquartered in Jacksonville, …
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Increte of North Florida Has Been Acquired by New South Construction Supply
Heritage Capital Group, Inc., is pleased to announce the sale of Increte of North Florida (“Increte” or “the Company”) to New South Construction Supply ("NSCS"). Increte will maintain operations under the New South Construction Supply name, becoming its first Florida location. Based in Jacksonville, Florida, Incre…
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Engineered Lining Systems Has Been Acquired by an Undisclosed Buyer
Heritage Capital Group, Inc., is pleased to announce that its client, Engineered Lining Systems, Inc. ("ELS"), has been acquired by an undisclosed buyer.Headquartered in Jacksonville, Florida, ELS is a full-service, trenchless technology firm that provides in situ pipe and structure rehabilitation services to a wi…
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Celia Dunn Sotheby's International Realty Has Been Acquired by Daniel Ravenel Sotheby's International Realty
Heritage Capital Group is pleased to announce that its client, Celia Dunn Sotheby’s International Realty (“Celia Dunn” or “the Company”), has been acquired by Daniel Ravenel Sotheby’s International Realty. The merger combines two exceptionally successful real estate agencies, located in coastal Georgia and South C…
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SkyeTec Has Been Acquired by Quality Built
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, SkyeTec, has been acquired by Quality Built, a portfolio company of Gallant Capital.Headquartered in Jacksonville, FL,…
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Childers Roofing & Sheetmetal Has Been Acquired by Tecta America
Heritage Capital Group an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Childers Roofing & Sheetmetal, Inc. ("Childers"), has been acquired by Tecta America ("Tecta").Childers, founded in 2003,…
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The Amelia Island Concours d'Elegance Has Been Acquired by Hagerty
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, The Amelia Island Concours d'Elegance ("The Concours"), has been acquired by Hagerty.Businessman and car collector B…
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Bill Sorenson Named President of the Rotary Club of Jacksonville
Heritage Capital Group would like to congratulate Bill Sorenson on being named president of the Rotary Club of Jacksonville, the oldest Rotary club in Florida.Bill joined Rotary in 2010 and has held different leadership positions including Assistant Treasurer and Director. In addition to these roles, Bill has chai…
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Heritage Capital Group Welcomes Chad Clark
Heritage Capital Group is pleased to announce that Chad Clark has joined the firm as the Director of Investment Banking Services. Chad will lead the execution efforts of principals engaged in investment banking activities, including mergers and acquisitions, capital raising, strategic consulting, and valuation. A…
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Center Subaru Has Been Acquired by GMST, LLC
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Center Subaru, has been acquired by GMST LLC, dba Gengras Subaru Torrington ("Gengras Motors").Center Subaru is a full…
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MedLink Staffing Has Been Acquired by Innoneo Health Technologies
Heritage Capital Group, Inc. is pleased to announce the sale of MedLink Staffing, Inc. (MedLink) to Innoneo Health Technologies, Inc. (Innoneo). MedLink provides medium-term, long-term, and specialty locum tenens staffing and placement solutions to hospitals and group practices. The Company was founded in 1999 to …
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Heritage Capital Group Welcomes Joe Hawkins
Heritage Capital Group is pleased to announce that Joe Hawkins has joined the firm as a principal. Joe's primary areas of focus are M&A advising, capital raising, and strategic consulting for companies of all stages. Joe has more than 35 years of experience in investment banking, venture capital, and early-sta…
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Coastal Insurance Underwriters Has Partnered with Constellation Affiliated Partners
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Coastal Insurance Underwriters, has partnered with Constellation Affiliated Partners.Coastal, founded by President/CEO…
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Cd'A Metals Has Been Acquired by Norfolk Iron & Metal
Heritage Capital Group, Inc. is pleased to announce that its client, The Coeur d'Alenes Company (Cd'A Metals), has been acquired by Norfolk Iron & Metal (NIM). Cd'A Metals, headquartered in Spokane, WA, is a full-line metal service center specializing in distributing a broad range of metal products. The compan…
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Heritage Capital Group Welcomes Frank DiFilippo
Heritage Capital Group is pleased to announce that Frank DiFilippo has joined the firm as a principal. Frank’s primary focus is M&A advisory as well as strategic consulting, including strategic planning and exit planning.Frank has more than 15 years of professional experience, with over eight years in corporat…
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Maginnis Orthodontics Has Been Acquired by Smile Doctors
Heritage Capital Group, Inc. is pleased to announce that its client, Maginnis Orthodontics has been acquired by Smile Doctors, LLC. Maginnis is a leading provider of orthodontic care for patients of all ages from pre-teens to adults. The company offers state-of-the-art technologies, including braces and Invisalig…
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Two Closed Deals Are Better than One
Heritage Capital Group, Inc. (HCG) is pleased to announce its client, Maner Builders Supply Co. (Maner), has closed two separate but simultaneous transactions.In addition to the sale of its business operations to US LBM Holdings, LLC (US LBM), a portfolio company of Kelso Private Equity, Maner also sold its real e…
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Chancey Metal Products Has Been Acquired by Indigo South Capital
Heritage Capital Group, Inc. ("HCG") is pleased to announce that its client, Chancey Metal Products, Inc. ("Chancey") has been acquired by Indigo South Capital, Inc. ("Indigo South Capital"). Both companies are located in Jacksonville, FL. Chancey is a leader in the multi-family construction industry for the fabri…
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Dan Edelman Joins the Board of Directors for the UF Health Proton Therapy Institute
Heritage Capital Group ("HCG") is pleased to announce Dan Edelman has joined the Board of Directors of the UF Health Proton Therapy Institute in Jacksonville ("UFHPTI"). UFHPTI is a nonprofit 501(c)3 organization affiliated with the UF College of Medicine and the UF Health Cancer Center, a Florida Cancer Center of…
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Dr. Sol Brotman Has Transferred His Practice to Dr. Charles Poblenz
Heritage Capital Group, Inc. ("HCG") is pleased to announce that its client, Sol G. Brotman, DDS, MAGD based in Jacksonville, FL, has been acquired by Dr. Charles Poblenz. Sol G. Brotman Dentistry offers a full range of comprehensive dental care to help patients achieve and maintain their healthy smiles. The Compa…
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Yown's Boiler Services Has Been Acquired by Thermogenics, Inc.
Heritage Capital Group, Inc. ("HCG") is pleased to announce that its client, Yown's Boiler and Furnace Service, Inc. located in Jacksonville, FL, has been acquired by Thermogenics, Inc. of Aurora, ON, an Ironbridge Equity Partners portfolio company.Yown's is a full-service boiler and industrial process burner comp…
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Heritage Capital Group Announces its Client, Coastal Insurance Underwriters, Inc., has Acquired the Assets of Florida Tech Company Cybercom
Heritage Capital Group, an independent investment banking firm that provides advice to middle-market and emerging growth companies in the U.S. and worldwide, served as exclusive financial advisor to Coastal Insurance Underwriters Inc., (Coastal). Coastal acquired the assets of Florida Tech Company, Cybercom Inter…
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Patrick Emmet Becomes One of the Newest Officers Appointed by the Memorial Park Association
Patrick Emmet has been appointed by The Memorial Park Association’s board of directors as the chair of the Finance Committee, where he will serve a three-year term. Patrick is a principal with Heritage Capital Group where he focuses on financial and strategic advisory services. He has spent over 30 years in finan…
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Health Designs Has Been Acquired by HDAP, LLC
Heritage Capital Group is pleased to announce that Health Designs, headquartered in Ponte Vedra Beach, Florida, has been acquired by Jacksonville-based HDAP, LLC, headed by entrepreneur and executive coach, Christopher Margolin. Health Designs provides workplace wellness services, including health screenings, well…
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Bill Nicholson Talks About Sale-Leaseback Transactions
Bill Nicholson shared his experience in a podcast recently as part of Episode 21 of The Deal Junkies with co-hosts, Rusty Fleming and Lee Hart from the law firm of Nelson Mullins Riley & Scarborough LLP. In this episode, Bill joins the show to discuss: The rise of sale-leaseback transactions What types of bu…
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Heritage Capital Group Celebrates One Year Anniversary in Savannah, Georgia
One year ago, Heritage Capital Group opened its doors in Savannah, Georgia. The news cemented its long-term commitment to the city of Savannah. Bert Tenenbaum, principal, continues to manage the day to day operations while Daren Pietsch, industry specialist, focuses on manufacturing & distribution in Marietta …
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Heritage Capital Group Welcomes Remer Y. Lane III
Heritage Capital Group is pleased to announce that Remer Y. Lane, III has joined the firm as a principal. Remer’s primary focus is merger and acquisition transactions, as well as financial and strategic advisory services in all industries, with a focus in food and agriculture. Remer has 35 years of leadership and …
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Strategic Acquisition Expands ITT’s Portfolio of Aerospace Composites Products and Technologies
ITT has acquired Matrix Composites, Inc., a specialty aerospace component manufacturer located on the Florida Space Coast with over two decades of experience specializing in the manufacture of precision composite components for next generation, high growth aircraft and aircraft engine platforms. Headquartered in …
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Heritage Capital Group Expands Advisory Group with Addition of Industry Specialist - Dawn Blackledge
Heritage Capital Group is pleased to announce that Dawn Blackledge has joined the firm as industry specialist focusing on engineering. Dawn has over 30 years of experience as an entrepreneur in the engineering and environmental consulting fields, as well as in general construction services. Dawn founded Aerostar E…
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Heritage Capital Group Announces Formation of New Real Estate Broker Affiliate, Heritage Realty Capital
Affiliate enables company to further support commercial real estate clients. Heritage Capital Group is pleased to announce the formation of their brand new affiliate, Heritage Realty Capital, a licensed Florida real estate broker. In the past, Heritage Realty Capital previously functioned in the real estate capita…
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Crossing Borders to Materialize A&D ambitions
The aerospace and defense sector continues to attract international strategic and financial investors seeking to play an active role in the ongoing consolidation of the supply chain. Please click here to read all about this exciting deal.
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Heritage Capital Group Announces New Principal
Heritage Capital Group is pleased to announce that Scott McCaleb has joined the firm as a principal. Scott’s primary focus will be advising clients on merger and acquisition transactions as well as financial and strategic advisory services in all industries. Scott will also provide real estate advisory servic…
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Heritage Capital Group Announces Jerry Mallot as Director of Corporate Development
Heritage Capital Group is pleased to announce that Jerry Mallot has joined the firm as Director of Corporate Development. Jerry's primary focus will be on developing new clients who will benefit from Heritage's value-enhancing services that include consulting, capital raises, acquisitions, exit planning and execut…
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Heritage Capital Group Announces MedAxiom Has Been Acquired by the American College of Cardiology
Heritage Capital Group is pleased to announce that MedAxiom, located in Neptune Beach, Florida, has been acquired by the American College of Cardiology, headquartered in Washington, DC. Founded in 2001, MedAxiom is the nation’s leading cardiovascular community serving physician practices, hospitals, health systems…
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Heritage Capital Group Announces Coastal Construction Products Has Partnered With Supply Chain Equity Partners
Heritage Capital Group is pleased to announce that its client, Coastal Construction Products, LLC, located in Jacksonville, FL, has partnered with Supply Chain Equity Partners of Tampa, FL. Coastal Construction Products (“CCP”) is one of the largest independent distributors of caulking and sealants, waterproof…
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Georgia Tech Savannah Hosted Insightful "Learners & Leaders" Breakfast
Georgia Tech-Savannah Hosted Insightful “Learners & Leaders” Business Valuation Breakfast Staff Report From Savannah CEO Thursday, March 7th, 2019 Georgia Tech-Savannah kicked off their 2019 “Learners & Leaders” breakfast series on Thursday, February 28th, with an insightful lesson on the value of one's bu…
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Heritage Capital Group Welcomes William Skinner as Principal
Heritage Capital Group is pleased to announce that William Skinner has joined the firm as a principal. Bill’s primary focus will be advising clients on merger and acquisition transactions as well as financial and strategic advisory services in all industries with a focus in aerospace. Bill has over 33 years of f…
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Heritage Capital Group Opens Savannah Office
Heritage Capital Group is pleased to announce the opening of its new office in Savannah, Georgia. The opening marks the third for Heritage Capital, who has offices in Orlando, and Jacksonville, Florida. Bert Tenenbaum and Daren Pietsch have been selected to head up the office. "We're very pleased to have both Ber…
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Heritage Capital Group Welcomes Daren B. Pietsch as Principal
Heritage Capital Group is pleased to announce that Daren B. Pietsch has joined the firm as principal. Daren’s focus will be on advising clients on merger and acquisition transactions. Daren has nearly 30 years of corporate experience and has held key leadership positions in business development, product developmen…
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Heritage Capital Group Announces The Grimes Companies Has Been Acquired By Peoples Services, Inc.
Heritage Capital Group is pleased to announce that its client, The Grimes Companies, has been acquired by Peoples Services, Inc. Peoples is a third generation, family-owned company, that traces its history back to 1914, when it operated in Massillon, Ohio as a storage and moving company. Peoples is an asset-based …
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Heritage Capital Group Opens Orlando Office, Appoints Roger Fee As Principal
Heritage Capital Group is pleased to announce the opening of its second Florida office, located in Orlando. This expansion will allow us to best serve future and existing clients. The new office will draw upon the hotbed of activity and increasing demand in the I-4 corridor. Roger Fee has joined the firm as princi…
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Heritage Capital Group Announces Healthy Eyes Advantage Acquires HMI Buying Group
Heritage Capital Group is pleased to announce that its client, HMI Buying Group has been acquired by Healthy Eyes Advantage ("Healthy Eyes"). HMI Buying Group, Inc., operates as an eyecare buying group for optometrists, ophthalmologists, and opticians and works with manufacturers and distributors to provide lower …
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Heritage Capital Group Announces the Successful Sale of Florida Roads Materials
Heritage Capital Group is pleased to announce that its client, Florida Roads Materials, has been acquired by Smyrna Ready Mix Concrete. Florida Roads Materials is a supplier of ready-mix concrete for development projects serving the northeast Florida market. With plant locations in Jacksonville and Green Cove Spri…
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Heritage Capital Group Welcomes Bert Tenenbaum as Principal
Heritage Capital Group is pleased to announce that Bert Tenenbaum has joined the firm as a principal. Bert’s primary focus will be advising clients in metals, distribution, and logistics businesses on merger and acquisition transactions. Bert has 40 years of leadership and management experience in metals distribut…
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Heritage Capital Group Welcomes John Pregulman as Principal
Heritage Capital Group is pleased to announce that John Pregulman has joined the firm as a principal. John's primary focus will be advising clients in mergers and acquisition transactions, and strategic consulting. He has 40 years of experience in the metal distribution business and spent most of his career with …
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Heritage Capital Group Advises Walchle Lear in the Sale to Newmark Grubb Knight Frank
Heritage Capital Group is pleased to announce the successful sale of Walchle Lear Multifamily Advisors ("Walchle Lear") to Newmark Grubb Knight Frank ("NGKF"), a division of BGC Partners, Inc. (NASDAQ:BGCP). Wachle Lear will operate under NGKF's ARA brand as ARA Newmark. Led by Bart Walchle, Steve Lear, Erik B…
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Heritage Capital Group Welcomes Dan Edelman as a Principal
JANUARY 2017 - Heritage Capital Group is pleased to announce that Dan Edelman has joined the firm as a principal. Dan’s primary focus will be on advising clients on mergers and acquisition transactions. Dan has almost 40 years of public accounting experience, all in the Jacksonville area. He was one of the …
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Heritage Capital Group Announces the Successful Sale of 12 Pet Paradise Properties
AUGUST 2016 - Heritage Capital Group is pleased to announce the successful sale of 12 Pet Paradise Resort and Day Spas® sunbelt properties to an undisclosed institutional investor. The Heritage team, led by Bill Nicholson, initiated the transaction and negotiated the sale-leaseback on behalf of the ownership grou…
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Heritage Capital Group Welcomes Mary Merrill as a Principal
JUNE 2016 - Heritage Capital Group is pleased to announce that Mary Merrill has joined the firm as a principal. Headquartered in Jacksonville, Florida, Heritage Capital Group is an independent investment banking and financial advisory firm. Mary has more than 20 years experience in mergers and acquisitions, pri…
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Heritage Capital Announces Paul McGarvey as Special Agriculture Advisor
May 2016 - Heritage Capital Group is pleased to announce that Paul McGarvey has joined the firm as a Special Agriculture Advisor. Paul will assist Heritage clients in the rapidly evolving agriculture industry, where global demand for food and innovation in farm technology is driving new development in precision fa…
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Heritage Capital Group Announces Successful Debt Restructuring of 1st Place Team Sales and Rox Volleyball
APRIL 2016 - Heritage Capital Group is pleased to announce the successful closing of debt refinancing for 1st Place Team Sales, Inc. (“1st Place) and Rox Volleyball, Inc. (“Rox”). 1st Place is a distributor of team apparel for indoor volleyball teams at the amateur level, primarily club volleyball teams. 1st Pl…
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IDOC Acquires PRIMA Eye Group
JANUARY 2016 - Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of PRIMA Eye Group (“PRIMA”) to Independent Doctors of Optometric Care (“IDOC”). PRIMA is a top consulting firm and alliance devoted to helping independent optometrists through every stage of their optometric business.…
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Bill Sorenson Appointed to NAWBO Advisory Council
FEBRUARY 2016 - Bill Sorenson has been appointed to the National Association of Women Business Owners (NAWBO) National Advisory Council. Bill is a principal with Heritage Capital Group, a Jacksonville-based investment banking firm. His primary focus is conducting strategic planning, valuation, and value enhancem…
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Melissa Lockhart Joins Learn to Read Board of Directors
MARCH 2016 - Melissa Ann Lockhart has been elected to join the Board of Directors of Learn to Read Jacksonville. Melissa has provided business valuation and complex commercial damages analysis at Business Valuation, Inc. since 2006. Her recent experience includes projects involving class actions, intellectual pr…
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Driven Brands Acquires North Florida Lubes
DECEMBER 2015 - Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of North Florida Lubes, Inc. (“NFL”) to Driven Brands, Inc. (“Driven Brands”). NFL is the leading independent operator of Havoline Xpress Lubes (“Xpress Lubes”) quick lube service shops in the U.S. The company was f…
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Ellis & Associates Merges with ECS
OCTOBER 2015 - Heritage Capital Group (“Heritage”) is pleased to announce the successful merger of Ellis & Associates, Inc. (“E&A”) and Engineering Consulting Services, Ltd. (“ECS”). E&A is now a wholly-owned subsidiary of ECS and a member of the ECS Group of Companies. Established in 1970, E&A is …
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Heritage Capital Group Announces the Successful Acquisition of Surge Suppression Incorporated by ILSCO
SEPTEMBER 2015 - Heritage Capital Group (“Heritage”) is pleased to announce the successful acquisition of Surge Suppression Incorporated (“SSI”) by ILSCO. The Heritage team of K.C. Caldabaugh and Doug Kravet initiated the transaction and led the negotiations on behalf of ILSCO. SSI is a leading manufacturer, d…
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Heritage Capital Group Announces the Successful Sale of Pile Equipment, Inc. to Equipment Corporation of America
AUGUST 2015 - Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of Pile Equipment, Inc. to Equipment Corporation of America (“ECA”). Pile Equipment is a leading heavy equipment rental and sales company servicing the Southeastern United States. Their products are focused on serving …
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Heritage Capital Group Announces the Successful Sale of Fab-Tech Supply, Inc. to FT Acquisition Company, LLC
AUGUST 2015 - Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of Fab-Tech Supply, Inc. (“Fab-Tech”) to FT Acquisition Company, LLC “(FAC”). Fab-Tech was founded in 1992 in Jacksonville, Florida by Marty Hussey and Chuck Hullender. Fab-Tech is a manufacturer of specialized hardware u…
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Heritage Capital Group Announces Successful Merger of The Blood Alliance and OneBlood
JULY 2015 - Heritage Capital Group is pleased to announce the successful merger of The Blood Alliance (TBA) and OneBlood. Founded in 1942, TBA has served its communities for more than seven decades as a non-profit, community blood bank and has provided a vital service to the community by distributing blood produc…
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Heritage Capital Group Announces the Successful Sale of AmeriCare Home Health to Brooks Rehabilitation
JULY 2015 - Heritage Capital Group is pleased to announce the successful sale of AmeriCare Home Health to Brooks Home Care Advantage, Inc., dba Brooks Rehabilitation. Founded in 2004 by Anthony Hicks and Tom Gibson, AmeriCare is a leading provider of home healthcare services including skilled nursing, physical t…
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Heritage Capital Group Awarded ‘Deal of the Year’ Honors
JULY 2015 -- Heritage Capital Group of Jacksonville, FL, and Capital Alliance Corp. of Dallas were awarded the prestigious “Deal of the Year” award by M&A International Inc. (MAI) at its 64th bi-annual conference held recently in San Francisco. The global middle-market investment banking firms were awarded t…
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Heritage Capital Group Announces the Successful Completion of Debt Refinancing for Koch Properties
JULY 2015 – Heritage Capital Group is pleased to announce the successful completion of a debt refinancing for Koch Properties. Koch Properties is the largest car wash operator in northeast Florida. They currently own and operate nine self-service car wash locations. Jacksonville Bank provided the financing. B…
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Heritage Capital Group Announces the Successful Sale of Guardian Fueling Technologies, Inc.
JULY 2015 - Heritage Capital Group is pleased to announce the successful sale of Guardian Fueling Technologies, Inc. to an investor group led by ValorBridge Partners, LLC. Headquartered in Jacksonville, Florida, Guardian is one of the largest fueling systems distribution, construction, installation, and services…
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Business Valuation, Inc. Welcomes Rob Sly as Director of Valuations and Litigation Support
JUNE 2015- Business Valuation, Inc. (“BVI”) is pleased to announce that Rob Sly has joined the firm as the Director of Valuations and Litigation Support. Rob is an Accredited Senior Appraiser, a professional designation awarded by the American Society of Appraisers, and is tested and certified in Business Valuat…
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Heritage Capital Group Announces the Successful Sale of FDH, Inc.
FEBRUARY 2015 - Heritage Capital Group is pleased to announce the successful sale of FDH, Inc. to Velocitel, Inc. The Heritage Capital Group team of Don Wiggins, Howard Serkin, and Doug Kravet initiated the transaction and negotiated the sale of the company. FDH, Inc. is a nationally known consulting engineering c…
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Heritage Capital Group Announces Successful Closing of Debt Refinancing for KCI Aviation
OCTOBER 2014 - Heritage Capital Group is pleased to announce a successful debt restructuring and capital raise for KCI Aviation of Bridgeport, West Virginia. KCI is a maintenance and repair organization serving corporate jet and turboprop aircraft for large fleet customers and private aircraft owners. In addit…
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Heritage Capital Group Advises on the Sale of AIX Restaurants, Inc.
August, 2014, Jacksonville, Florida Heritage Capital Group Announces the Sale of AIX Restaurants, Inc. to Bistro AIX, LLC. Heritage Capital Group is pleased to announce the successful sale of AIX Restaurants to Bistro AIX, LLC. AIX Restaurants, which owned the award-winning San Marco eatery Bistro Aix was acqu…
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Heritage Capital Group Announces Financing of Real Estate Acquisition by Alhambra Theatre & Dining
OCTOBER 2014 - Heritage Capital Group is pleased to announce the successful closing of real estate financing for the acquisition of the land and building related to the Alhambra Theatre & Dining. The Alhambra was built in 1967 and is the longest-running continuously operating dinner theater in the United Stat…
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Heritage Capital Group Announces Successful Capital Raise for Tough Gear, Inc.
AUGUST 2014 - Heritage Capital Group is pleased to announce the successful closing of a capital raise for Tough Gear Inc. dba Survival Straps. Survival Straps is a manufacturer of stylish products made from woven military spec parachute cord which gives them a secondary purpose. In an emergency, they can be unra…
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Heritage Capital Group Announces the Acquisition of JMP Solutions, Inc.
JUNE 2014 - Heritage Capital Group is pleased to announce the successful acquisition of JMP Solutions, Inc. by Guardian Fueling Technologies, Inc. Guardian Fueling Technologies is the regional leader in delivering professional services, innovative fueling equipment solutions, systems designs and construction. JMP…
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Melissa Ann Lockhart Selected for the Leadership Matters Program
Leadership Matters is an instructional program jointly presented by the Davis College of Business at Jacksonville University (DCOB) and the Jacksonville Women’s Business Center (JWBC). It is a transformational program that develops image, influence and power among women leaders, by delivering knowledge with mento…
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Bill Sorenson Selected for Leadership Jacksonville Class of 2015
Heritage Capital group is pleased to announce that Bill Sorenson was nominated and has been selected to be a member of Leadership Jacksonville’s Class of 2015. Leadership Jacksonville is an organization that develops youth and adult leaders who will assume greater responsibility as community trustees and improve…
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Howard C. Serkin Receives the Jacksonville Business Journal’s 2014 Veterans of Influence Award
JACKSONVILLE, FLORIDA, June 5, 2014 The Jacksonville Business Journal honored 25 First Coast Veterans of Influence on June 5, 2014. The award honors military veterans who have distinguished themselves in service to their country, commitment to the community, and in service to their second career. Howard C. Ser…
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Don Wiggins Honored as one of Advantage Magazine's "Top 50 Business Influencers" in Jacksonville, Florida
After hundreds of nominations to sort through and multiple back-and-forth conversations between many, the list has been narrowed to this top 50. The results are in, and our business community has spoken. Don Wiggins of Heritage Capital Group makes the “Dream Team” of business influencers in Jacksonville. This te…
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Heritage Capital Announces the Sale of a Highly Specialized Agricultural Company
JULY 2013 - Heritage Capital Group is pleased to announce the successful sale of a highly specialized agricultural client to a major European publicly traded luxury brand company and its Asian subsidiary. Heritage is honoring the buyer’s request to keep details of the transaction confidential. “Our client is an e…
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Heritage Capital Group Announces the Sale of Atlantic International Distributors, Inc.
JANUARY 2013 - Heritage Capital Group is pleased to announce the sale of Atlantic International Distributors, Inc. to Arrowhead Electrical Products, Inc. Atlantic International Distributors, Inc., doing business as Atlantic Quality Parts, is a distributor of aftermarket, OEM quality electrical, hydraulic, clutch,…
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Heritage Capital Group Announces the Sale of Bernhardt Laboratories.
JANUARY 2010 - Bernhardt Laboratories, an anatomic testing laboratory, has been acquired by Aurora Diagnostics. A Heritage Capital Group team of Don Wiggins, Howard Serkin, and Doug Kravet initiated the transaction and negotiated the sale of the company. Bernhardt Laboratories, which began operations in 1986, focu…
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Heritage Capital Group Scores with New Team Member Bill Prescott
Heritage Capital Group is pleased to announce that Bill Prescott has joined the firm as a principal. Prior to joining Heritage, Bill was the Chief Financial Officer and Senior Vice President of Stadium Operations for the Jacksonville Jaguars NFL franchise. As a direct report to the CEO of the Jacksonville Jaguars,…
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Heritage Capital Group Announces Recent Transactions
OCTOBER 2012 - Heritage Capital Group announced today that it has successfully advised on two recent transactions. Heritage Capital Group represented Oscar G. Carlstedt, Co., a wholesale floral supplier in the sale of the Operating Assets to Carlstedt’s, LLC in a management buyout.In addition, Heritage Capital Gr…
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Heritage Capital Group Announces the Sale of Drummac, Inc.
March 2012 - Heritage Capital Group is pleased to announce the sale of Drummac, Inc., a rail services company, to Moran Environmental Recovery LLC. Drummac, headquartered in Jacksonville Beach, Florida, is the leading provider of mechanical maintenance, inspection, repair, and cleaning services to the passenger ra…
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Heritage Realty Capital Announces Closing of a $23,500,000 Financing Package for First Coast Oncology
JULY 2013 - Heritage Realty Capital (“HRC”) is pleased to announce the closing of a $23,500,000 financing package that brings Proton Radiation Therapy to the Patients and Doctors of First Coast Oncology (“FCO”) FCO is a State-of-the-art Radiation Oncology Center and “Class A” medical office facility. The facili…
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Heritage Capital Group Announces the Sale of Arlington Wrecker Service
JULY 2012- Heritage Capital Group is pleased to announce the sale of Arlington Wrecker Service, a division of Arlington Salvage and Wrecker Co., to Stare Decisis, LLC. Arlington Wrecker Service is a family owned regional towing and recovery company and one of the largest towing companies serving the northeast Flor…
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Heritage Capital Group Announces the Successful Sale of Itel, Inc.
JACKSONVILLE, FL - May 30, 2008 Heritage Capital Group announced today that it has successfully completed the sale of Itel, Inc. to The Riverside Company, a global private equity firm. Itel is a leading independent testing laboratory servicing the property insurance industry nationwide. Heritage Capital Group serv…
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Heritage Capital Group Announces the Sale of Logimax to Friedman Corporation
JULY 2011 - Heritage Capital Group announced today that it has successfully completed the sale of Logimax to Friedman Corporation, a wholly-owned subsidiary of Constellation Software, Inc. (“Constellation”, TSX:CSU). Logimax offers full-featured, configurable applications for multi-customer warehouse management ma…
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Heritage Capital Group Represents Oaklawn Cemetery Association
NOVEMBER 2009 - Heritage Capital Group is pleased to announce they represented Oaklawn Cemetery Association in its sale to Service Corporation International (SCI). Oaklawn Cemetery Association (Oaklawn) has been recognized as a premier, family owned and operated establishment since its first burial in 1927. (SCI) …
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Heritage Capital Group Announces Recent Transactions
Jacksonville, FL– August 1, 2011 Heritage Capital Group announced today that it has successfully advised on two recent transactions. Heritage Capital Group represented Rosenblad Design Group, Inc., a leading designer and manufacturer of evaporator systems for large manufacturing plants in the sale of a minority i…
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Heritage Capital Group Welcomes William Skinner as Principal
Heritage Capital Group is pleased to announce that William (Bill) Skinner has joined the firm as a principal. Bill’s primary focus will be advising clients on merger and acquisition transactions as well as financial and strategic advisory services in all industries with a focus in aerospace. Bill has over 33 yea…
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