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HERITAGE SEARCH PARTNERS

 

 

 

About HSP

Heritage Search Partners (HSP) is the search fund investment arm of Heritage Holding — a Boston-based investment firm that's been buying, building, and growing companies for over a decade.

We’re not just investors, we’re operators who’ve been in the trenches, scaling platforms across several B2B services industries. We back search funds, independent sponsors, long-term holdcos, and entrepreneurs filling equity gaps. We strive to support talented entrepreneurs over the long-term.

We’re also building our own platforms through Heritage Holding (10 platforms and ~35 total acquisitions across our majority buyout fund), so we can provide you with sharper insights, more battle-tested advice, and a network you can tap into from day one.

Our Search Roots

Our roots in the search fund community run deep.

In 2015 after graduating from HBS, Alex de Pfyffer and Ross Porter founded Heritage Holding which started as a self-funded search vehicle that resulted in the acquisition of Maicom, a critical infrastructure services company based in North Andover, MA.

At acquisition, Maicom had 6 locations, 120 employees, and 90% customer concentration with the Comcast Corporation. Over the next four years, Alex & Ross grew revenue ~3x, completed 4 add-on acquisitions, opened a Canadian operation, and diversified the client concentration to ~35%.

In August 2021, Maicom was acquired by the Audax Group, representing a 16.2x Gross MOIC / 10x Net MOIC outcome, putting Alex & Ross on the map as talented small business builders. 

Why We're Unique

  • Hands-on operating experience - Our team has been operating companies in the lower middle market for over a decade. We don't just advise; we share our direct experiences and learnings to help you succeed.
  • Strong network and institutional knowledge to tap into - Our entrepreneurs benefit from our accumulated experience in the space, including best practices for sourcing, expert guidance on deal execution, and operational insights.
  • Flexible partnership structures - We support entrepreneurs across all forms of ETA (traditional search funds, independent sponsors, longer-term holdcos, equity gaps, etc.) and favor a flexible, collaborative partnership approach.

How We Support

  • Proprietary sourcing expertise - Heritage Holding has built a well-oiled proprietary sourcing machine. We share our best practices across sourcing tools & channel outreach to give you the upper hand in finding attractive deals. We provide warm intros to contacts within our network to supplement your process.
  • Post-closing operational strategy - Increase your chances of success by learning from our firsthand experience. Connect with other leaders from our portfolio of companies to fine-tune your leadership & operational skillset.
  • Professional mentorship & guidance - Learn personally from Ross, Alex and the rest of the team. Almost half of the current HH team has direct experience in the search fund ecosystem.

40+

Entrepreneurs backed

Global Footprint

Investments made across North America, Central America, UK, Europe & Asia

$500k-$2m

Average investment allocation

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Meet the Founders & Ex-Search Fund Entrepreneurs