New Heritage Capital Invests in FMS Solutions

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 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.

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.

Main Street Capital Makes Follow-On Investments in Direct Marketing Solutions and Heritage Vet Partners

January 6, 2022

Marketing & Advertising

Main Street Capital Corporation completed $15.8 million of follow-on investments across two existing portfolio companies: $9.5 million in Direct Marketing Solutions, Inc. to support DMS’s acquisition of a Freedom, Pennsylvania direct-mail production plant from Mailing Services of Pittsburgh, Inc., and $6.3 million in Nebraska Vet AcquireCo, LLC (dba Heritage Vet Partners) to support Heritage’s acquisitions of Ironsides Animal Health PLLC and St. Anna Veterinary Clinic, S.C. The investments were structured as additional first‑lien, senior secured term loans and build on Main Street’s prior financings in DMS (2018) and Heritage (December 2020).

New Heritage Capital Makes Majority Investment in Brilliant

September 19, 2024

Marketing & Advertising

New Heritage Capital has made a majority investment in Brilliant, a San Francisco–based provider of corporate gifting and branded merchandise, using its Private IPO structure to provide liquidity and growth capital while leaving operating control with Brilliant's management. Terms were not disclosed; the capital will be used to accelerate Brilliant's growth and scale its technology-enabled gifting and global fulfillment capabilities.