Fundraising Fox

Heartwood

Private equity

Norwalk · Growth · 29 people tracked

Also known as HEARTWOOD PARTNERS, LLC · Heartwood Wealth Advisors, Llc

Find your way into Heartwood

1,347 people in our graph share verified history with the Heartwood team — schools, employers, funds. One of them is your warm intro.

Shardul Shahunlockedknows Edwin Tan · together at University of Chicago (overlapped)
×5knows the team · via Middlebury College
knows the team · via Stanford University Graduate School of Business
knows the team · via The University of Chicago Booth School of Business
knows the team · via Columbia Business School
knows the team · via Jefferies
Fox Verdict
Sign up to see your fit

Investment thesis

Heartwood Partners provides a private equity ecosystem tailored to founder-, family-, and management-owned businesses seeking to improve performance. The firm applies a conservative capitalization strategy characterized by higher equity and lower debt, encouraging family and management owners to retain ownership alongside the firm. It combines strategic and financial expertise with deep operating experience and skilled resources to support management teams in developing and implementing growth plans. Heartwood seeks to back reliable, committed management teams with proven track records and pursues both platform investments and add-on acquisitions to build industry-leading companies.

Source: firm website, verified Sep 15, 2026.

Stage
Growth
HQ
Norwalk, VA, US
Instruments
Equity
Founded
1982
AUM
$1.4B
Tracked investments
67

Team · 29 people

from the firm's website & curated
Maxine Tracy· Executive Assistantin

Executive Assistant with experience across operations, marketing, and hospitality industries.

What they invest in

from 45 of 67 portfolio companies

Advanced Manufacturing ×32Hardware ×15New Materials ×15Consumer ×10E-commerce ×9Mobility & Transportation ×8Retail Tech ×6Construction Tech ×4

HQs:United States×30

Investments · 67 tracked

founders shown can be your intro path
Amlon Groupamlongroup.comin✓ verified

Amlon Group provides waste and materials management solutions including recycling, reclamation, and repurposing of industrial byproducts to help customers reach sustainability objectives.

Circular EconomyCleantechNew Materials

Aecelectricalaecelectrical.net
Aftermarket Performance Groupaftermarketperformancegroup.com

Aftermarket Performance Group operates a vertically-integrated portfolio of automotive aftermarket companies combining wholesale distribution, e-commerce platforms, and manufacturing.

Advanced ManufacturingE-commerceMobility & Transportation

Allentown Inc.allentowninc.comin𝕏

Allentown designs and manufactures laboratory equipment for washing and drying animal cages, racks, bottles, and related research facility supplies.

Advanced ManufacturingBiotechHardwareHealthtechAllentown, US

Michael A. Coiro Sr.

Allstateelectricalallstateelectrical.com
Americanamericanleather.com𝕏

American Leather manufactures accent chairs and furniture available in various leather and fabric options for residential living spaces.

Advanced ManufacturingCircular EconomyConsumerDirect to ConsumerDallas, US

Ames Group, LLC

Provider of maintenance and project management services to the US nuclear power industry; now BHI Energy Inc.

Artisant Laneartisantlane.comin

Artisant Lane designs and manufactures curated high-end custom furniture for residential and contract markets, operating a portfolio of distinct furniture brands with US manufacturing facilities.

Advanced ManufacturingConsumerE-commerce

Brian Golden(CEO)inWalt Hammond(COO)inJulio Wong(CHRO)inRussell Towner(President, LEE Industries)Dan Campbell(President, BenchMade Modern)inJustin Emig(CTO)in

Beaumontelectricbeaumontelectric.net
benchmadebenchmademodern.com𝕏

BenchMade Modern manufactures custom upholstered furniture, including sofas and other pieces, with an emphasis on handcrafted quality and design.

ConsumerDirect to Consumer

Co-investorsGeekdom

BluWavebluwave.netinFeb 2017

BluWave operates a platform that connects private equity firms and their portfolio companies with vetted third-party service providers, independent consultants, interim executives, AI advisors, and senior advisors, typically within 24 hours.

AI & Machine LearningB2B MarketplacesFintechBrentwood, US

Sean E. Mooney(Chief Executive Officer)in

Breen Color Concentrates, LLCchromacolors.comin𝕏

Chroma Color is a plastics color compounding company that develops and manufactures color concentrates and masterbatches for engineered thermoplastics used across various industrial applications.

Advanced ManufacturingNew MaterialsAsheboro, US

Joe Herres(Chief Executive Officer)inGary Buckland(Vice President of Operations)Peter Gallagher(Vice President, Sales & Marketing)in

Co-investorsArsenal

Brooklinebrooklinefurniture.com

Brookline Furniture manufactures custom guest room and public space furniture for hospitality clients worldwide, emphasizing quality craftsmanship and on-time delivery over a 35+ year operating history.

Advanced ManufacturingHardwareBrookline, US

Bush Brothers Provision Co.bush-brothers.comin

Bush Brothers is a family-run provision company that supplies custom-aged, trimmed beef, lamb, veal, pork, poultry, and other proteins to fine restaurants, five-star hotels, and clubs.

FoodTech

ChromaScapechromascape.comin

ChromaScape manufactures colorants and additives for the plastics industry and other applications, operating multiple production and distribution facilities across the United States.

Advanced ManufacturingNew MaterialsTwinsburg, US

JOSEPH MAJEWSKI(CEO AND PRESIDENT)

BoardMICHAEL D. MODAK(MANAGER)ROBERT TUCKER(MANAGER)MARK LANGER(MANAGER)EDWIN TAN(MANAGER)

Cmcmillingcmcmilling.com
CMI Limited, Co.cmilc.comin

CMI provides cut-off and containment solutions using sheet piling for remediation projects at contaminated sites, including EPA and SUPERFUND projects in the U.S. and internationally.

Advanced ManufacturingCleantechClimate TechConstruction TechNew Materials

Dayton Parts, LLCdaytonparts.com
Derby Fabricating Solutions, LLCderbyfab.com

Derby manufactures and ships precision parts at scale, serving automotive and industrial customers with IATF 16949-certified quality systems.

Advanced ManufacturingHardwareNew MaterialsLouisville, US

Epsplasticlumberepsplasticlumber.com
Fintube, LLCetechheatrecovery.comin𝕏

E-Tech Heat Recovery Systems designs and manufactures custom, engineered-to-order economizers, condensing economizers, waste-heat boilers, heaters, and heat-exchanger components that let industrial, institutional, and utility customers capture and reuse waste heat.

Advanced ManufacturingCleantechEnergyHardwareTulsa, US

Flavorsealflavorseal.comin

Flavorseal manufactures food packaging supplies including flexible packaging films, netting, seasoning transfer products, and accessories for the food service and processing industries.

Advanced ManufacturingFoodTechNew Materials

Fletcher Business Groupfletcher-terry.com𝕏

Fletcher Business Group is a global manufacturer of cutting, joining, and automation equipment and consumables serving picture framing, sign and graphics, woodworking, and related industries.

Advanced ManufacturingHardwareEast Berlin, US

Fred S. FletcherSamuel MonceO.M. Pike

Framewareincframewareinc.com
FTSpeedftspeed.com𝕏

FTSpeed sells automotive performance parts and provides expert advice for autosports enthusiasts, including daily drivers, autocrossers, and HPDE competitors.

ConsumerE-commerceMobility & TransportationRetail Tech

Gcipeawardsgcipeawards.comin

GCI PE Awards runs an awards program recognizing private equity firms and executives in the middle market, including the "Top 50 PE Firms in the Middle Market" recognition.

FintechMedia & Entertainment

Gcipublishinggcipublishing.comin

GCI Publishing operates a content-driven network and digital publications serving the financial industry, including private equity firms, venture capital investors, and investment banks.

FintechMedia & Entertainment

Greenvillecolorantsgreenvillecolorants.com
High Bar Brandshighbarbrands.comin

BettsHD manufactures mud flap hangers, metal and poly fenders, mounting brackets, and replacement parts engineered for road conditions.

Advanced ManufacturingConsumerHardwareMobility & TransportationRetail TechCambridge, US

Imprimus Label & Packagingimprimus.com

Imprimus manufactures expanded content labels (ECLs) and booklet labels for consumer product packaging, enabling brands to display advertising, branding, and regulatory information across multiple panels.

Advanced ManufacturingNew MaterialsGardena, US

Interbayelectricinterbayelectric.com
Leeindustriesleeindustries.com
Linen Holdings, LLCharborlinen.comin

1Concier (formerly Harbor Linen, formed from the merger of Riegel Linen, T-Y Group, and Harbor Linen) is a wholesale supplier of commercial linens and terry products serving hotels, resorts, casinos, healthcare facilities, commercial laundries, and cruise lines.

B2B MarketplacesE-commerceRetail Tech

Littlestarplasticslittlestarplastics.com𝕏
Lmrplasticslmrplastics.com
Lone Star Beef Processors, LPlonestarbeef.net

A beef supplier offering lean trimmings, specialty cuts, and Black Angus beef products.

Advanced ManufacturingFoodTechSan Angelo, US

M&Q Holdings, LLCmqholdings.com

M&Q Holdings develops custom engineered materials and flexible packaging solutions, including complex film extrusion, value-added labels, and integrated packing and supply chain services.

Advanced ManufacturingLogistics & Supply ChainNew MaterialsLimerick, US

Mantleindustriesmantleindustries.com
MicroCaremicrocare.comin𝕏

MicroCare formulates specialized cleaning, coating, and lubricating fluids for electronics manufacturing, medical device production, fiber optic installation, aerospace and defense, semiconductor fabrication, and healthcare facilities.

Advanced ManufacturingHardwareHealthtechMedical Devices

Co-investorsBlue Sea Capital

Midtennturfmidtennturf.com
Minimizerminimizer.comin𝕏

Minimizer manufactures custom-fit floor mats for semi-trucks and commercial vehicles across multiple brands and models.

Advanced ManufacturingHardwareLogistics & Supply ChainMobility & Transportation

Mqplasticsmqplastics.comin

M&Q Packaging manufactures specialized plastic films and bags, including vacuum bagging films for composites, sterilization films for medical/dental applications, solvent recovery liners, and modified atmosphere packaging (MAP) films for fresh produce.

Advanced ManufacturingHardwareHealthtechMedical DevicesNew Materials

Muellercustomcutmuellercustomcut.com
NativeSeed Groupnativeseedgroup.comin

NativeSeed Group is a network of regionally-focused native seed companies that supplies seeds and erosion control solutions for ecological restoration, reclamation, and agricultural projects across North America.

AgTechClimate TechImpact & Social GoodWinters, US

Norlee Groupnorleegroup.com
Outlookgroupoutlookgroup.comin

Outlook Group is a single-source printing and packaging provider offering labels, flexible packaging, folding cartons, and integrated packaging solutions with a focus on sustainable options.

Advanced ManufacturingCircular EconomyNeenah, US

Paragon Southwest Medical Waste

Houston, US

Thomas Hargrove(Director, Promoter)Fortunato Villamagna(Executive Officer, Director, Promoter)Byron Snyder(Director, Promoter)

Parkway Products, LLCparkwayproducts.com
Premierpremier-mfg.comin𝕏

Premier Manufacturing designs and produces pintle hitch couplings for towing applications, offering a range of models rated for light-duty through heavy-duty gross trailer weights up to 150,000 lbs.

Advanced ManufacturingHardwareLogistics & Supply ChainMobility & Transportation

Bill Blacklawin

RallySportrallysportdirect.com𝕏

RallySport Direct is an e-commerce retailer of automotive parts and accessories for import car enthusiasts, particularly focused on Subaru, Honda, and Toyota models.

ConsumerE-commerceRetail TechSports Tech

Jeff(COO)Jonathan(Director of Operations)

RDCrdcoatings.comin

RDC Coatings (formerly R&D Coatings) formulates and manufactures custom energy-cured coatings, including UV, Excimer UV, electron-beam, and water-based finishes, for manufacturers applying coatings to wood, furniture, and other substrates.

Advanced ManufacturingNew Materials

Regencyelectricregencyelectric.com
Roll Rite, LLCrollrite.comin𝕏

Rollrite designs and manufactures covering solutions for transportation fleets to enhance operator and pedestrian safety while improving productivity.

Advanced ManufacturingAgTechConstruction TechHardwareIoTLogistics & Supply ChainMobility & TransportationGladwin, US

Royal Productsroyalproducts.comin

Royal manufactures precision collet chucks for CNC machining and lathe work, including the QG Combo Chuck that combines outer diameter, inner diameter, and 5C collet chuck capabilities in a single unit for manufacturing shops.

Advanced ManufacturingHardware

Simmssimmsmachinery.com𝕏

Simms Machinery sells AMP underpinner (backnailer) joining machines and related equipment used to assemble door casing and moulding, serving the millwork and furniture industries.

Advanced ManufacturingHardwareEast Berlin, US

Gordon Simms(Founder)Dan Simms(President)

Somafinasomafina.comin

Somafina partners with nutraceutical brands to develop and manufacture custom supplement formulations using specialized formulators, flavor chemists, and production engineering.

Advanced ManufacturingFoodTechHealthtechWellness & Fitness

Spectexspectex.comin

Sur-Seal provides custom product manufacturing services including die-cutting, laminating, extrusion, molding, and precision cutting for OEMs and manufacturers across industries such as avionics, agriculture, defense, and solar energy.

Advanced ManufacturingEnterprise SoftwareHardwareNew MaterialsCincinnati, US

Stagestage3motorsports.com

Stage 3 Motorsports operates a comprehensive online and mail-order catalog of aftermarket performance parts for Ford, Toyota, and Ram trucks, backed by real test vehicles and in-house installation expertise.

ConsumerE-commerceMobility & TransportationRetail TechPhoenix, US

SubiSpeedsubispeed.com𝕏

SubiSpeed is a retailer specializing in automotive parts and accessories for Subaru vehicles.

ConsumerE-commerceMobility & TransportationRetail Tech

Super-Sodsupersod.comin

A supplier of drought-tolerant grass sod for residential lawns that requires less water and maintenance than traditional varieties.

AgTechConstruction TechConsumerE-commerce

Fund performance · per public LP disclosures · 4

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
Heartwood Partners IIILPs: New York City Police Pension Fund, New York City Board of Education Retirement System201717.0%1.69x1.69x
Heartwood Partners IILPs: San Diego City Employees' Retirement System, New York City Police Pension Fund201213.0%1.87x1.87x
Heartwood PartnersLPs: New York City Police Pension Fund, New York City Fire Department Pension Fund200621.0%2.31x2.31x
Heartwood Partners IV, L.P.LPs: Texas Municipal Retirement System3.3%1.06x0.09x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Heartwood made?
Heartwood has 66 tracked investments.
What stage does Heartwood invest at?
Heartwood invests at the Growth stage.
What sectors does Heartwood focus on?
Heartwood focuses on Advanced Manufacturing, AgTech, Construction Tech, FoodTech, Logistics & Supply Chain, New Materials.
Where is Heartwood located?
Heartwood is headquartered in Norwalk, US.

Images

Heartwood photo

Similar investors

Featured in lists