Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
New Heights Capital is a private equity investment firm founded in 2006 and headquartered in New York, NY. The firm focuses exclusively on equity investments in consumer service companies and technology-enabled service companies that support those consumer businesses. New Heights Capital engages in buyouts, recapitalizations, and growth investments, taking an active role in the operations of its portfolio companies.
As of now, New Heights Capital manages a diverse portfolio and has established a reputation for its hands-on approach. The firm primarily invests in companies with revenues between $5 million and $100 million and EBITDA between $1 million and $10 million. New Heights Capital has built a tight investor base that includes entrepreneurs, executives, and family offices, allowing them to deploy principals' own capital alongside external investments.
Notable milestones include significant expansions of portfolio companies, such as Fitness Edge LLC, which grew from three to ten locations under New Heights Capital's ownership. The firm operates from its office located at 174 Hudson Street, 4th Floor, New York, NY 10013.
New Heights Capital targets investments in consumer service companies and technology-enabled service companies. The firm focuses on businesses with revenues ranging from $5 million to $100 million and EBITDA between $1 million and $10 million. This specific targeting allows New Heights Capital to identify companies that are poised for growth and operational improvement.
In addition to its primary focus, New Heights Capital selectively considers minority growth equity investments in earlier-stage businesses. The firm engages in buyouts, recapitalizations, and growth investments, emphasizing active operational involvement to build value. Their investment strategy is designed to foster growth and operational improvements, making them a compelling partner for startups in the consumer and technology sectors.
New Heights Capital has made notable investments in several companies, including:
These investments reflect New Heights Capital's commitment to supporting consumer service and technology-enabled service companies, leveraging their operational expertise to drive growth.
Richard F. Steere, Jr. - Managing Partner. Richard has extensive experience in private equity and has led numerous successful investments in the consumer service sector. He is known for his operational expertise and hands-on approach to portfolio management.
Jonathan Macanian - VP-Business Development. Jonathan focuses on identifying new investment opportunities and building relationships with potential portfolio companies. His background includes experience in business development and strategic partnerships.
John Benis - Operating Advisor. John provides operational support and guidance to portfolio companies, leveraging his experience in scaling businesses and improving operational efficiencies.
James D. Mack - Operating Advisor. James specializes in financial management and strategic planning, assisting portfolio companies in achieving their growth objectives.
To pitch New Heights Capital, founders should utilize the contact email rsteere@newheightscap.com or visit their website at newheightscap.com. It is essential to include a comprehensive business plan, financial projections, and a clear explanation of the startup's growth strategy in the pitch deck.
New Heights Capital prefers to receive pitches via email and values concise, well-structured presentations. Founders can expect a response within a few weeks, depending on the volume of inquiries.
In recent months, New Heights Capital has continued to expand its portfolio, focusing on consumer service and technology-enabled service companies. Notable investments include Fresh Meal Plan Holdings LLC and Fitness Edge LLC, both of which have shown significant growth under the firm's guidance.
Additionally, New Heights Capital has been actively involved in operational improvements within its existing portfolio, helping companies achieve better financial performance and market positioning.
What are New Heights Capital's investment criteria?
New Heights Capital focuses on consumer service and technology-enabled service companies with revenues between $5 million and $100 million and EBITDA between $1 million and $10 million. They also consider minority growth equity investments in earlier-stage businesses on a selective basis.
How can I apply or pitch to New Heights Capital?
Founders can pitch to New Heights Capital by visiting their website at newheightscap.com or by emailing rsteere@newheightscap.com. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes New Heights Capital different from other private equity firms?
New Heights Capital distinguishes itself through its active operational involvement in portfolio companies. The firm invests personal time and expert resources to foster growth and operational improvements, rather than taking a passive investment approach.
What is the geographic scope of New Heights Capital's investments?
The firm primarily invests in North America, focusing on the United States. This geographic concentration allows them to leverage local market knowledge and operational expertise.
What is the typical check size for investments?
New Heights Capital typically invests between $5 million and $100 million in its portfolio companies, aligning their investment size with the revenue and growth potential of the businesses they target.
What kind of post-investment involvement can portfolio companies expect?
New Heights Capital takes an active role in the operations of its portfolio companies, providing mentorship, resources, and support to drive growth and operational improvements. This hands-on approach is a key aspect of their investment strategy.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.