FMS Solutions (New Heritage Capital Portfolio) Acquires Retail Financial Services

New Heritage Capital Invests in FMS Solutions

February 18, 2021

Cloud & SaaS

Boston-based private equity firm New Heritage Capital made a platform investment in FMS Solutions, a SaaS-based BPO provider serving independent grocers, using Heritage's Private IPO structure that lets FMS management retain operating control. The capital provides liquidity to founders and financial flexibility to accelerate growth of FMS' accounting, payroll and retail-oriented software and services.

FMS Solutions Acquires Retail Accounting Divisions from C&S Wholesale Grocers

May 3, 2021

Accounting & Tax

FMS Solutions, a New Heritage Capital-backed platform, has acquired two retail accounting services divisions from C&S Wholesale Grocers. The add-on expands FMS's SaaS-based and tech-enabled accounting and payroll offerings to independent grocery and multi-site retail customers.

FMS Solutions Acquires Merchants Accounting Services and AMP Services

August 15, 2025

Accounting & Tax

FMS Solutions, a New Heritage Capital portfolio company, has acquired Merchants Accounting Services (MAS) and AMP Services (AMP) to expand into the restaurant accounting vertical. The transactions are add-on acquisitions that broaden FMS's tech-enabled and SaaS-based managed accounting and advisory offerings for multi-site restaurants and hospitality customers.

FMS Solutions Acquires GOT Systems

July 14, 2021

Cloud & SaaS

FMS Solutions, a New Heritage Capital portfolio company, acquired GOT Systems, a provider of SaaS-based product ordering, shrink and markdown tracking and grind log services for U.S. grocers. The transaction is an add-on acquisition that expands FMS's suite of tech-enabled and SaaS solutions for multi-site retailers.

Compusoft + 2020 Acquires RFMS

July 12, 2022

Software

Compusoft + 2020, a global provider of software and content solutions for the spaces-for-living industry, has acquired Resource and Financial Management Systems, Inc. (RFMS), a 35+-year provider of ERP, CRM, estimating and payments software for the flooring market. The deal expands Compusoft + 2020's offerings into the North American flooring market and aims to combine product, R&D and go-to-market capabilities while RFMS's leadership team will remain in place.

Centauri Health Solutions Acquires HCFS

August 19, 2020

Healthcare Services

Centauri Health Solutions acquired all key assets of HCFS, Inc., a Texas-based provider of self-pay management and hospital revenue cycle solutions. The deal expands Centauri's national footprint in hospital revenue cycle optimization, adding experienced HCFS associates and extending Centauri's capabilities and reach across midwestern and western states.