News Releases

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 Pregulman. John will be active in deal origination and execution as a principal while Stan will provide market insights and valuable support as an industry specialist.


John spent most of his career as executive vice president and COO of Southland Tube, where he played a significant role in due diligence and negotiations during its acquisition by Nucor in 2017. Since leaving Nucor in 2019, he has provided bespoke advisory services to firms in the metals industry. John earned his BBA in business administration and management from Auburn University as well as management and M&A certifications from Columbia Business School, Northwestern University, and Washington University in St. Louis.


Stan held numerous leadership positions at Chaparral Steel Company. He remained with the company after it was acquired by Gerdau in 2007 and was responsible for managing over $2 billion in annual sales in the Long Products Division. Throughout his career, Stan has been an active participant in industry trade organizations, including a past board member of NASSPA (North American Steel Sheet Piling Association), AISC (American Institute of Steel Construction), and chairman of the NASA (North American Steel Alliance) Supplier Council. Stan holds a degree in chemistry and biology from Stephen F. Austin University.


Doug Kravet, who previously served as president of Heritage, will be refocusing his efforts on deal making and further developing the metals industry team’s capabilities. Taking over as interim president will be Don Wiggins, the current CEO of Heritage. Don’s many years of experience in investment banking and business valuation, make him an instrumental force in driving growth and expanding the firm’s offerings across multiple sectors.


“Heritage is growing, and, as a result, we’re restructuring our internal and external focus,” commented Don. “Doug has done a great job as president, but with the recent growth of our metals group in adding two additional experienced professionals, he has come to the conclusion that there are only 24 hours in a day and is concentrating his time there. Our growth has also brought us to the point of hiring a COO to handle day-to-day operations. My primary task as president will be to oversee our search for that position, which will prepare us for even more future growth.”

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