FMS Solutions Acquires GOT Systems

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 (New Heritage Capital Portfolio) Acquires Retail Financial Services

September 14, 2022

Accounting & Tax

FMS Solutions, a New Heritage Capital portfolio company, has acquired Retail Financial Services (RFS), a provider of accounting, tax preparation and tax planning services for independent grocers and multi-site retailers. The transaction is FMS' third add-on since partnering with New Heritage and expands FMS' tax and planning capabilities within its tech-enabled and SaaS-based suite for multi-site retailers.

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.

GotPhoto Acquires Next Gen Photo Solutions

September 20, 2023

Marketing & Advertising

GotPhoto, the people-photography workflow and e‑commerce platform, has acquired Next Gen Photo Solutions, a full-service digital graphics company that creates dynamic sports graphics, memory mates and virtual group images. The acquisition will integrate Next Gen's graphics capabilities into GotPhoto's platform and support product investments aimed at automating sports graphic creation and expanding GotPhoto's outsourced image-creation services for high-volume photographers.

FORTÉ Acquires Dublin-Based System Video and Frankfurt-Area GMS

April 23, 2025

Professional Services

FORTÉ (formerly AVI Systems) announced the acquisitions of System Video (Dublin, Ireland) and GMS (Global Media Services GmbH; near Frankfurt, Germany). The deals expand FORTÉ’s footprint in Europe, adding regional AV integration, managed services and smart workspace capabilities to better serve multinational enterprise customers.