News

Heritage Completes a Structured Equity Investment in REACH Air Medical Services, LLC

November 2, 2009

Heritage is pleased to announce that it has completed a Structured Equity investment in REACH Medical Holdings, a family business based in Santa​ Rosa, California. REACH is a leading provider of air medical transportation services in the western United States, operating seventeen rotor-wing and three fixed-wing aircraft. The Company treated and transported thousands of patients in 2008, all of which constituted emergency or critical care. Heritage’s investment will support the Company’s continued expansion throughout its region.

The Stephens Group, LLC was an investor in the Single Purpose Fund created by Heritage for this investment.

ABOUT NEW HERITAGE CAPITAL, LLC

For nearly twenty-five years Heritage has focused on partnering with growing family-owned or founder-controlled businesses through a unique structure called the Private IPO®. In a typical Private IPO® transaction, Heritage takes a minority equity position in the company via a substantial investment in common and preferred stock. Our approach provides shareholders with the desired amount of liquidity, resolves transition issues and allows shareholders to maintain control and accelerate the growth of their company.

ABOUT THE STEPHENS GROUP, LLC

The Stephens Group is a private, family-owned firm investing its capital in companies with exceptional management teams and high returns on invested capital in growing industries. The principals of The Stephens Group have over 70 years of history in successfully investing in both minority and control positions across multiple industries. The Stephens Group, through its affiliates, has large positions in energy services, gas exploration and production, media, communications, consumer, manufacturing and other industries.