Fortune 500 company acquires Heartland Homes (residential builder and developer)

Neumann & Associates Announces Deal Closing for North-East Niche Food Manufacturer

October 28, 2025

Food & Beverage

A Neumann & Associates, LLC announced the sale/closing of a niche food manufacturer serving the New York Metropolitan region. The business produces food for national and regional distributors and is described as having $5m in sales and strong operating margins, with a reported 4.4x EBITDA valuation (ttm).

S5 Equity Acquires Heartland America

March 27, 2025

E-Commerce

S5 Equity, a Southern California private investment firm, has acquired Heartland America, a discount catalog and online direct-to-consumer retailer based in Chaska, Minnesota. The deal is a strategic bolt-on to S5 Equity’s portfolio company Hammacher Schlemmer to capture synergies across distribution, marketing and sales; financial terms were not disclosed.

UMB Financial Corporation Acquires Heartland Financial USA, Inc.

April 29, 2024

Financial Services

UMB Financial Corporation completed its previously announced all-stock acquisition of Heartland Financial USA, Inc., creating a larger regional bank with approximately $68 billion in assets and expanded operations across 13 states. The deal (announced at an implied value of about $2.0 billion and using a 0.55 share exchange ratio) increases UMB's private wealth AUM by roughly 31–32%, adds more than 100 branches and ATMs, and brings HTLF operations onto UMB platforms before full brand conversion.

Unknown Private Investor Acquires New Jersey Exterior Home Remodeling Contractor (Windows & Doors)

October 5, 2022

Construction

A Neumann & Associates announced the sale of a New Jersey exterior home remodeling contractor focused on windows and doors to a private investor. The transaction is described as a $3 million deal and the company had operated for over 50 years serving central New Jersey customers.

Private Investor Acquires Concrete Contractor in New Jersey/New York Metro

September 1, 2022

Industrial Services

A Neumann & Associates, LLC announced the closing of the sale of a concrete contractor to a private investor. The contractor serves commercial and industrial customers in the New Jersey and New York metro region, with documented profitability and a revamped sales structure focused on higher-margin customers.

The Jordan Company (Resolute IV) Acquires Heartland Home Services

December 15, 2020

HVAC & Mechanical

An affiliate of The Resolute Fund IV (managed by The Jordan Company) acquired Heartland Home Services from North Branch Capital, with Cobepa taking a significant minority stake and North Branch remaining a minority investor. Carlyle's Global Credit platform led and structured the debt financing to support the transaction. The investment will provide Heartland with resources to drive operational efficiencies and pursue organic and inorganic growth across its Midwestern residential HVAC, plumbing, electrical and indoor air quality platform.