Apis & Heritage Capital Partners (A&H) is an investment manager specializing in financing employee ownership transactions. Through its Employee‑Led Buyout (ELBO) model, A&H facilitates the transition of profitable small and medium‑sized enterprises to employee ownership via Employee Stock Ownership Plans (ESOPs).

Business Owners Preserving Legacy

Employee ownership is a succession strategy that protects your people and values.

Creating

Worker-Owners

"Few things can help an individual more than to place responsibility on them, and to let them know that you trust them."

— Booker T. Washington

How the A&H ELBO Works

CRITERIA

We seek enterprises that meet the following criteria:

Profitability: $4-$10M of EBITDA
Workforce: 40 or more employees
Industry sectors: “Real economy” sectors, including manufacturing, construction, logistics, transportation, waste hauling, landscaping, commercial services, agriculture, and food processing

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CONVERSION

Through our novel Employee-Led Buy Out (ELBO) transaction model, A&H converts profitable companies from private ownership into employee ownership, paying the selling owners a fair price, locking in tax advantages for the enterprise, and ensuring employees will be the future beneficiaries of the company’s success.

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COMPANY CULTURE

We partner with management and the workforce to create a company culture of efficiency, resiliency and empowerment that creates REAL employee-owned businesses that outperform their peers, are more resilient and are more rooted in their communities.

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News & Insights

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Apis & Heritage wins the Skoll Award for Social Innovation

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Millions of small businesses in the U.S. will change hands in the next decade as baby boomer owners retire—yet many are struggling to find buyers who will keep their companies and employees thriving.

The promise of employee ownership

Philip Reeves, the founding partner of Apis & Heritage Capital Partners, explains how employee ownership can strengthen businesses, create wealth, and foster more equitable ownership transfers.

Over the next decade, millions of small and midsize US businesses representing trillions of dollars in enterprise value are expected to change hands as baby boomer owners retire.

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