FMS Solutions Acquires Merchants Accounting Services and AMP Services

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 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.

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 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.

CORE Business Technologies Acquires Automated Merchant Systems

February 9, 2021

Financial Services

CORE Business Technologies acquired Automated Merchant Systems (AMS) on February 9, 2021 to expand its government-focused payments capabilities. The deal brings AMS's electronic payment processing expertise into CORE's SaaS cashiering, EBPP and constituent engagement platform to broaden gateway integrations and merchant services for government, healthcare and higher education clients.

Merit Financial Advisors Acquires AMP Wealth Management

June 24, 2025

Financial Services

Merit Financial Advisors, a Georgia-based wealth management firm, has acquired AMP Wealth Management of Whitefish Bay, Wisconsin, adding $365 million of assets and expanding Merit's Midwest footprint with a seventh office in Wisconsin. AMP's founder Dr. Jerome Mahalick and his team will join Merit, and AMP's dividend-focused investment strategy will be integrated into Merit's platform; financial terms were not disclosed.