Family office private investment firm

Heritage Growth Partners

At a glance

EBITDA range$5M to $15M S2
Deal typesPlatform, Add-on, Minority, Growth S6
GeographySoutheast US, Midwest US S2
SectorsIndustrial & Manufacturing, Distribution

What Heritage Growth Partners buys

Heritage Growth Partners is a private family investment office in Atlanta, started in 2014 by Alex Mammen. It puts family money into companies alongside the people already running them, and it has no set holding period. It looks for manufacturing and distribution businesses, niche industrial services and specialty business services based in the Southeast or Midwest. A new platform should earn $5 million to $15 million of annual cash flow or EBITDA.

Deals can be control or non-control, but management has to stay on and keep a real stake: the firm's summary sheet asks for more than 30% ownership. The money can buy out a retiring shareholder, give active owners partial liquidity, pay down debt or fund growth. A smaller company is most likely to meet Heritage as an add-on. The firm's floor for add-ons is $1 million of EBITDA, although its current add-on sheets ask for more than $2 million: CAB Worldwide wants metal machining and manufacturing companies, and Creative Sign Designs wants sign makers.

Recent deals

Announced in the 24 months before November 5, 2026.

DateCompanyTypeSectorSource
Sep 2026Rite Lite SignsConcord, North Carolina architectural sign maker added to Creative Sign Designs, its first add-on since the 2021 recapitalizationAdd-onIndustrial & ManufacturingSource

Portfolio by sector

From the firm's portfolio page S4.

Select partnerships

  • CAB Worldwide
  • Creative Sign Designs
  • ProsperCare

Past investments: East West Manufacturing

Greymont’s take

How Heritage Growth Partners fits a seller

Heritage suits the owner of a Southeast or Midwest manufacturer or industrial services business who wants to take some money off the table and keep running the company with a patient partner. Because it invests family capital with no set investment period, there is less pressure to sell on a fund's timetable. Its record shows that patience: it stayed in East West Manufacturing for about six years, and says sales grew from $70 million to more than $500 million with eight add-ons before it sold to the Dell family office.

The firm holds only a handful of companies, and its last new platform was CAB Worldwide in May 2023, so expect a selective process. An owner planning a full exit should ask early whether Heritage would proceed, since it wants management to stay and hold more than 30%. Sign and metal component owners should ask about the add-on route.

Questions owners ask

Will Heritage Growth buy all of a company?

It can retire a shareholder who is leaving, but its summary sheet calls for continuing management to keep more than 30% ownership, in either a control or a non-control deal. It suits owners who plan to stay involved.

How large does a company need to be?

Heritage targets $5 million to $15 million of annual cash flow or EBITDA for a new platform and $1 million or more for an add-on. The current add-on sheets for CAB Worldwide and Creative Sign Designs each ask for more than $2 million of EBITDA.

Is Heritage Growth buying add-ons now?

Yes. Creative Sign Designs bought Rite Lite Signs of Concord, North Carolina in September 2026, its first add-on since Heritage's 2021 recapitalization. The firm says both Creative and CAB Worldwide are looking for more acquisitions.

How long does Heritage Growth hold a company?

It says it has no set investment period. It stayed in East West Manufacturing for about six years before that company took on new ownership in 2022, and it has backed Creative Sign Designs since 2021.

Sources

  1. S1Heritage Growth Partners home page Accessed November 5, 2026
  2. S2Heritage Growth Partners: Partnership Criteria Accessed November 5, 2026
  3. S3Heritage Growth Partners: Team Accessed November 5, 2026
  4. S4Heritage Growth Partners: Select Partnerships Accessed November 5, 2026
  5. S5Heritage Growth Partners: News Accessed November 5, 2026
  6. S6Heritage Growth Partners summary sheet (PDF) Accessed November 5, 2026
  7. S7Creative Sign Designs Completes Add-on Acquisition of Rite Lite Signs (September 15, 2026) Accessed November 5, 2026
  8. S8CAB Worldwide Announces Growth Investment with Heritage Growth Partners (May 3, 2023) Accessed November 5, 2026
  9. S9Creative Sign Designs Announces Growth Investment with Heritage Growth Partners (2021) Accessed November 5, 2026
  10. S10CAB Worldwide add-on acquisition criteria (PDF) Accessed November 5, 2026
  11. S11Creative Sign Designs add-on acquisition criteria (PDF) Accessed November 5, 2026
  12. S12East West Manufacturing Announces Strategic Investment by MSD Partners (February 1, 2022) Accessed November 5, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Heritage Growth Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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