New Heritage Capital Invests in FMS Solutions

Choate represented New Heritage Capital in its investment in FMS Solutions, a leading provider of SaaS-based business process outsourcing services to independent grocers and other multi-unit retailers. FMS’s comprehensive range of accounting, payroll, and HR solutions help its 5,000+ retailer customers to run their operations more effectively, reduce overhead, and increase their bottom line. This investment, executed via New Heritage’s unique Private IPO® solution, leaves operating control in the hands of the company’s executives while providing them with liquidity and financial flexibility to accelerate future growth.