May 5, 2020 (San Jose, CA) - The DeWinter Group (“DWG”), a Northern California-based recruitment firm, is pleased to announce a private equity partnership with New Heritage Capital (“Heritage”), a Boston-based private equity firm. Leveraging Heritage’s unique Private IPOⓇ solution, DWG’s partnership team will retain operating control while increasing the company’s existing liquidity and financial flexibility to accelerate growth.
For over 20 years, DWG has partnered with Bay Area employers to identify senior-level accounting, finance, and information technology talent on a temporary and permanent basis. Founded in Silicon Valley, DWG has offices in Silicon Valley, San Francisco and Oakland along with 90 Employees. Throughout the company’s expansion, the organization has remained committed to one mission: “We [DWG] build our network, one relationship at a time.” Identifying a private equity partner who valued DWG’s commitment to this mission was key to ensure a successful partnership as the company scales in the coming years. Judson Samuels, Partner at Heritage, commented, “We believe that the combination of DeWinter’s reputation, deep and long-standing client and candidate relationships, and committed management team has driven the Company’s success to-date.“
Shane Oberg, Partner & CEO, commented, “We are thrilled to be partnering with Heritage. They have shown a track record of success in our industry and are committed to the growth of our company for many years to come.” Derek DeWinter, Founding Partner & President, added, “In Heritage, we found a partner that understands the culture and legacy we have built and believes in our vision for the future.”
About New Heritage Capital
New Heritage Capital is a Boston-based private equity firm with a twenty-year history of partnering with growing, middle market, founder-owned businesses. With its innovative investment structures like the Private IPO®, Heritage provides founders with a combination of liquidity and growth capital while allowing founders to maintain control of their business. With decades of experience at managing growth, Heritage gives its partners the strategic, operational and financial guidance to help its companies reach their growth objectives.
