Heritage Growth Partners

Heritage Growth Partners

Heritage Growth Partners was established in 2014 by Alex Mammen. Its capital base traces to a manufacturing and industrial services lineage that dates to 1905 and now aggregates commitments from several entrepreneurial families. The firm executes growth equity investments through direct co-investments and SPVs. It targets lower-middle-market businesses in manufacturing, distribution and specialty services. Positions are concentrated in North America. Confirmed sector exposure includes Healthcare Services, Industrial Tech, PropTech, Digital Health, InsurTech, ClimateTech and Enterprise Software. The approach favors companies that can execute add-on acquisitions and operational improvements with active involvement from the office. The team comprises five named professionals. Alex Mammen previously served as Managing Director and Partner at TM Capital. Evan Toporek previously co-owned and led Alternative Apparel until its sale to Hanesbrands. No additional offices are disclosed. No philanthropic vehicles or club memberships appear in public materials. The office maintains a selective posture toward independent sponsors and operators, requiring alignment on core values and a willingness to retain meaningful equity stakes with management. This structure creates recurring access to owner-operated situations that larger funds often bypass.