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By combining the speed, scale and expertise of private equity with the proven productivity and wealth building power of employee ownership, Apis & Heritage (A&H) Capital Partners is attacking the racial wealth gap and helping restore dignity, status and the American Dream for low income workers across the country. HOME OUR APPROACH VISION OUR TEAM MEDIA A&H RELEASES PORTFOLIO CONTACT More A H APIS & HERITAGE Capital Partners OUR APPROACH Investors with competitive risk-adjusted returns and a lasting positive impact for working people Business Owners with a fair price upfront for their business, broad strategic advice for the company, and a true legacy with employees and their community Low/moderate-income workers in essential industries with the most powerful wealth building tool in our nation - equity in a thriving business Local communities with stable and growing employers and community wealth creation The A&H Employee-led Buyout (ELBO) approach provides: "Few things can help an individual more than to place responsibility on him, and to let him know that you trust him." — Booker T. Washington Capital for Founder Legacy and Worker Dignity By combining the speed, scale and expertise of private investing with the proven productivity and wealth building power of employee ownership, Apis & Heritage (A&H) Capital Partners is attacking the wealth gap and helping restore dignity, status and the American Dream for low income workers across the country. Thinking of Selling Your Business and Want to Learn More? CONTACT A&H VISION The Impact of Ownership Employee ownership creates measurable, positive impacts on business performance. It is also a critical tool in fighting wealth inequality, allowing regular working people to benefit from the productivity of their companies. Business Growth Company sales, employment, and productivity increase by more than 2% per year after implementing an ESOP Businesses with an employee ownership model, including through an ESOP, have higher profit margins over time and are more resilient in downturns 100% ESOP-owned S-corporations do not pay Federal and often State taxes, which increases the business’s cash flow after transitioning to employee-ownership. For more great data on the power and profitability of employee-owned companies, click here. Worker Outcomes Millennial workers at ESOP companies have 33% higher median income from their wages when compared to millennial workers at non-ESOP companies Most employees at an ESOP report higher job satisfaction and a greater sense of purpose, recognizing that their contributions are benefitting the company which benefits them The employee ownership model and A&H’s management philosophy give workers input in company decisions Fighting Inequality During the COVID-19 pandemic, ESOP companies were between 3 and 4 times more likely to retain staff — keeping more money in employees’ hands and in the economy Low/moderate-income workers in an ESOP have account values ranging from $15,000 to $6 million, with a median value of $165,000. By contrast, the typical American household has just $17,000 in savings Low/moderate-income workers in an ESOP closest to retirement (ages 60 to 64) have 10 times more wealth than the typical American in that age group How the A&H ELBO Works 1 Through our novel Employee-Led Buy Out (ELBO) transaction model, A&H converts profitable companies from private ownership into 100% 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. 2 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. 3 We seek enterprises that meet the following criteria: Profitability: $2-6M of EBITDA Workforce: 40 or more employees, large hourly workforces Industry sectors: essential services, manufacturing, construction, logistics, home care, inter alia GET IN TOUCH Proud Partners © 2025 Apis & Heritage Capital Partners.

By combining the speed, scale, and expertise of private equity with the proven productivity and wealth-building power of employee ownership, Apis & Heritage (A&H) Capital Partners is attacking the racial wealth gap and helping restore dignity, status, and the American Dream for low-income workers across the country. March 24, 2025 Apis & Heritage | 2025 Skoll Award for Social Innovation Apis & Heritage Capital Partners (A&H) is restoring the American Dream by helping low- and middle-income employees become owners of their businesses when sellers are ready to retire, ensuring continuity for businesses and prosperity for workers and communities. A&H converts profitable businesses with diverse, hardworking teams into 100 percent employee-owned enterprises by providing loans for upfront financing and consulting support to help new employee owners succeed. This model rewards the employees who have contributed to these companies’ success, giving them a stake in the company’s future growth and creating more resilient enterprises. To date, A&H has transitioned businesses with a combined value of $65 million to employee ownership, benefiting hundreds of workers and their families. With a large population of U.S. business owners planning to sell or retire in the next decade, A&H’s innovative model offers a ripe opportunity to close the wealth gap and build prosperity for Americans. READ MORE July 8, 2024 Apis & Heritage Capital Partners 2023 Impact Report for Legacy Fund I We are thrilled to share our 2023 Impact Report for Legacy Fund I! This year, we've made significant strides in closing the racial wealth gap through employee ownership. With almost 400 worker-owners strong and growing, we're proud of the impact we're making for the workers at our portfolio companies. Check out the full report to see how we're building wealth and creating opportunities for workers of color. READ MORE NEW: LEGACY FUND I 2023 IMPACT REPORT Fill out the form below to download our Legacy Fund I 2023 Impact Report First Name Last Name Email DOWNLOAD Click here to download Apis & Heritage Capital Partners Converts Denver-Based Sky Blue Builders to Employee Ownership via New Employee-Led Buyout (ELBO©) Apr 3, 2024 READ MORE Updated: Sep 29, 2023 Hispanic Heritage and Opportunity: Empowering Voices and Investing in the Future Hispanic Heritage Month, celebrated from September 15 to October 15, is an annual recognition of the immense contributions Hispanic and Latino Americans have made to the fabric of the United States. The range of impact is vast—spanning from the arts and sciences to business and politics. At Apis & Heritage Capital Partners, we know that empowerment goes hand in hand with impact. READ MORE Apis & Heritage Capital Partners completes third Employee-Led Buyout (ELBO), transitioning Blooming Nursery into 100% employee ownership Dec 13, 2023 READ MORE Apis & Heritage Releases First Annual Impact Report Oct 3, 2023 READ MORE Apis & Heritage Capital Partners Announces Oversubscribed Final Close of Legacy Fund I, its Flagship Fund to Close the Racial Wealth Gap in the USA Dec 22, 2022 READ MORE Apis & Heritage Capital Partners Completes First Two Transactions to Further Mission of Closing Racial Wealth Gap Through Novel Employee-Led Buyout Model Jun 6, 2022 READ MORE Apis & Heritage Capital Partners Announces Initial Close of $30 Million to Turn Businesses with Workforces of Color into Employee-Owned Firms Jun 23, 2021 READ MORE

Helping Workers of Color Own Their Futures | By combining the speed, scale and expertise of private equity with the proven productivity and wealth building power of employee ownership, Apis & Heritage (A&H) Capital Partners is attacking the racial wealth gap and helping restore dignity, status and the American Dream for low income workers across the country. March 24, 2025 Apis & Heritage | 2025 Skoll Award for Social Innovation LEARN MORE Impact Assets Lists A&H Capital in Top 50 Impact Funds for 4th year in a Row 2025 READ MORE Catalyzing Employee Ownership to Support Equity: A Conversation with Mowa Haile March 22 , 2024 READ MORE Construction company sells to its employees December 2, 2024 READ MORE Deal Maker Profile: Phil Reeves May 10 , 2023 READ MORE Black-Led VC Firm Raises $58.1M To Help Low-Income Workers Become Business Owners January 13 , 2023 READ MORE Reducing the Racial Wealth Gap by Increasing Employee Ownership 2022 READ MORE Private Equity Fund Launches to Close the Racial Wealth Gap June 23 , 2021 READ MORE This DC fund raised $30M to help BIPOC employees become company owners June 25 , 2021 READ MORE The ESOP Revolution: Fighting Financial Inequality And Empowering The Working Class June 7, 2021 READ MORE Black Investment Firm Raising Up to $50 Million to Acquire Companies and help close racial wealth gap June 10 , 2022 READ MORE Arvada business gives power to its workers of color by becoming 100% employee-owned June 2 7 , 2022 READ MORE This Black-Led VC Firm Raised $58.1M to Help Employees of Color Gain Ownership of the Companies They Work For January 18, 2023 READ MORE An El Paso landscaping company is one of the first employee-ownership conversions facilitated by a new Black-led private equity fund. August 2, 2022 READ MORE Apis & Heritage Capital Partners: Why the Sisters Chose to Invest 2021 READ MORE Reducing racial wealth inequality and preserving beacons of hope through employee ownership May 21, 2021 READ MORE The True Cost of Closing the Racial Wealth Gap April 30, 2021 READ MORE Apis & Heritage Capital Partners Announces Initial Close of $30 Million to Turn Businesses with Workforces of Color into Employee-Owned Firms June 23, 2021 The fund surpassed its $15 million first close target, with support from leading investors and advisors including the Ford Foundation, The Rockefeller Found ation’s Zero Gap Fund, The Skoll Foundation and its advisor Capricorn Investments, Gary Community Investments, Ascension Investment Management, an d others. READ MORE A&H’s novel investment model to use employee ownership to help close the racial wealth gap has been described by these authors in their important new works Todd Leverette A&H Founding Partner

The deal came after CCS’s owner, Stephen James, almost sold the company to a firm backed by private equity. James, however, decided he wanted a deal that was good not only for him but for his employees. He decided to work with Apis & Heritage Capital Partners, a Washington, D.C.-based investment firm that specializes in creating employee stock ownership plans (ESOPs) and provided financing for the deal.  Construction company sells to its employees Dec 2, 2024 A 37-year-old utility construction company has been sold to its employees, a move that could spur expansion. Reisterstown-based Consolidated Construction Services recently sold to its 60 employees, ending two years of uncertainty about the company’s future. The deal came after CCS’s owner, Stephen James, almost sold the company to a firm backed by private equity. James, however, decided he wanted a deal that was good not only for him but for his employees. He decided to work with Apis & Heritage Capital Partners, a Washington, D.C.-based investment firm that specializes in creating employee stock ownership plans (ESOPs) and provided financing for the deal. “About two years ago I had this thought of what am I gonna do in with this company in the future,” James said. “I had an idea of shutting the business down, but I’ve developed such a relationship with employees, there's no way I’d turn my back on them.” CCS does around $25 million to $30 million in revenue, but that figure could grow as the company is finally ready to expand again. James said he was hesitant to grow CCS in the past few years because the company was “the right size” for him to manage. Over the years, James has developed relationships with some of the biggest developers in the region like Beezer Homes and Elm Street Development. The company recently did the utility work for Beezer’s housing development at Sparrows Point Country Club. CCS, however, only does work for those companies in Baltimore. Jason Ollison, a partner with Apis & Heritage, said CCS could look to grow by working with these developers up and down the Interstate 95 corridor in Delaware and Virginia. CCS mostly builds new infrastructure but has also dabbled in the maintenance and replacement business working with Tradepoint Atlantic. Ollison said the business could lean more into that industry, especially with Baltimore City and Baltimore County’s dated infrastructure. It's not uncommon for founder-run businesses to see growth after transitioning to an ESOP since the new worker-owners often want to maximize the company's success now that they have equity, said Mike Brownrigg, a co- founder of Apis & Heritage. Brownrigg noted that his company had helped a nursery in Oregon transition to an ESOP a few years ago. That nursery consistently sold out of product, and its founder was content with that. After the ESOP transition, the employees convinced the founder to clear another field and build more greenhouses, allowing for 10% to 15% more inventory. “Founders will reach a point where they’re happy with the business and the money coming in, however, there is usually an appetite for growth from the workers and management team after the transition,” Brownrigg said. The decision to convert the company into an ESOP came after James realized he hadn't really created a viable succession plan. James explored all of his options including selling to a portfolio company, and was almost under contract before pulling out because he “didn’t like the direction the company would’ve been headed in.” James decided to further explore the ESOP route and eventually connected with Apis & Heritage, which uses a model designed to alleviate some of the pain points of ESOPs. Converting a company to an ESOP often requires the founder to either sell the business at below-market value or agree to a deal that can take a decade to fully pay out. Apis & Heritage gets around this by lending close to the full value of the business to a corporate trust that buys the business from James. Those shares then get dealt out to employees on an annual basis. Employees then accumulate shares over the years and can sell the shares back to the trust when they leave the company or retire. Apis & Heritage will also get a seat on the company's board as part of the deal. Apis & Heritage describes this model as an "employee-led buyout" and particularly looks to work with companies that have large workforces of color and/or low- and moderate-income workers as part of its goal of helping close the racial wealth gap. CCS is far from the only local company that has turned to ESOPs in recent years. Jessup-based Alliance Material Handling Inc. has created dozens of millionaires through the company's ESOP. A local Ace Hardware franchise owner also turned the business over to its employees through an ESOP in 2021.

By combining the speed, scale and expertise of private equity with the proven productivity and wealth building power of employee ownership, Apis & Heritage (A&H) Capital Partners is attacking the racial wealth gap and helping restore dignity, status and the American Dream for low income workers across the country. Philip Reeves Founding Partner Philip is a founder and Managing Partner of Apis & Heritage. Based in Washington DC, Philip oversees all aspects of the firm's activities and is a permanent member of the investment committee. Philip is responsible for the firm's investment process and leads debt capital raises. He also brings more than a decade of experience scaling small businesses to A&H's portfolio companies. Prior to founding Apis & Heritage, Philip spent the majority of his career working with small businesses in private, public and nonprofit roles. He led business and corporate development at a growing government contractor and also managed an accelerator program for 1863 Ventures, which focuses on helping minority and women owned businesses grow and succeed. Philip has also worked in government, acting as Manager of Small Business Technology and Innovation for the Government of the District of Columbia. Philip began his career at Lehman Brothers in the private equity division. He is a Phi Beta Kappa graduate of Morehouse College and is deeply committed to using the power of business to bring positive change to communities too often left behind. Todd Leverette Founding Partner Todd Leverette is Managing Partner at Apis & Heritage Capital Partners where he brings over a decade of experience working with and for small business to bear on A&H and the portfolio companies in Legacy Fund I. Todd's work at A&H is a continuation of a life and career dedicated to bringing the tools and best practices of big finance and business to those communities and individuals that need it the most. Todd began his journey in employee ownership in Detroit, MI at the Center for Community Based Enterprise, where he discovered the power of alternative ownership models to change lives. He continued this journey as the lead of Legacy Business Initiatives at the Democracy at Work Institute, where he laid the foundation for the creation of Apis & Heritage and Legacy Fund I -- missioned with attacking the racial wealth gap and scaling employee ownership across the US for the collective good of workers, investors, and communities. To this end, Todd also currently serves on the board of Accent Landscaping and the board National Center for Employee Ownership. Prior to his work in small business and employee ownership, Todd worked in corporate finance at JP Morgan Chase, and received his JD/MBA form Columbia University ('13). Along with his Co-Founder and Co-Managing Partner, Philip Reeves, Todd is a proud graduate of Morehouse College ('08). Michael Brownrigg Co-Founder / Senior Managing Director A co-founder of A&H, Michael is based in the San Francisco bay area where he helps oversee the western portfolio companies for A&H. His decades-long experience working with growth companies and founders gives him an ability to relate to founder/sellers who want to transact with A&H while also helping the new management team and workforce excel as an employee-owned company post-ELBO transaction. Michael started his career as a US diplomat and then joined an international private equity firm for 10 years, rising to partner. In 2009 he co-founded Total Impact Capital, one of the first impact merchant banks in the US which has directed close to $400 million since inception into clean water, healthcare and regenerative agriculture projects around the world. His commitment to public service continues: since 2009, Michael has been an elected council member for the city of Burlingame, California, and in 2023 he is serving as Mayor. Michael says, “The American Dream only works for one if it works for every one.” He thinks A&H and employee ownership are the best means to restore the American dream for the regular working person. Jason Ollison Managing Director Jason is a New York-based Partner, focusing on strategy, portfolio firm management & operations, business & investment analysis, economic & industry assessments, risk management, and Impact/ESG. He brings 25 years of global experience in International Business, Corporate Management, Investment Strategy, Risk, Impact/ESG, Consulting, Public Policy, and Operations whose diverse experiences as an executive “operator,” manager, advisor, strategist, and risk manager supports A&H and portfolio companies grow in a sustained manner, enhance corporate planning, improve operations, manage risks, retain workforces, identify opportunities, advance Impact & ESG activities, protect assets, build resilience, and analyze macro trends. Jason previously held executive, managerial, and advisory roles within Sumitomo Corporation, the World Bank, Deloitte, Booz Allen Hamilton, the US Government, and startups focused on global operations, investment, economics, geopolitics, finance, consulting, security, social development, business continuity, and supply chains. His knowledge involves multiple industries, governments, Fortune 1000 firms, multilateral organizations, Small/Medium Enterprises, and startups involving North America, Asia, Latin America, Africa, Europe, and India. He has lived on 4 continents, traveled to 50+ countries, is proficient in Japanese, some Spanish, and holds a Master’s Degree (MSc) from the London School of Economics, a B.A. from Georgetown University, and an International Business Management Certificate from Georgetown. Melissa Hoover Director, Ownership Culture Training Melissa oversees all of A&H’s employee training and engagement work at its portfolio companies post-ELBO transaction. The work commences with a broad-based employee survey on such topics as workplace culture, benefits, respect and openness to innovation. This then allows our EO training to be tailored to each company, which helps build a team and ownership culture faster, which in turn yields the positive performance results that result in better, more resilient and more profitable companies over time. Melissa is the former founding Executive Director of the Democracy at Work Institute, the think-and-do-tank that expands worker cooperatives and ownership as a strategy to address economic and racial inequality. A leader in the worker ownership movement for over fifteen years, Melissa helped start and grow the United States Federation of Worker Cooperatives, the national grassroots membership organization for worker-owned businesses. She was a cooperative business developer for many years with the Arizmendi Association of Cooperatives in Oakland, doing business and capital planning for two startups, training cooperative members, and serving as CFO in the first year of each startup's operations. In 2018, Melissa was named an Executive Fellow of the Rutgers Institute for the Study of Employee Ownership and Profit Sharing. She currently sits on the Board of Directors of The ICA Group/Local Enterprise Assistance Fund, The Working World, and Safe Passages of Oakland, and serves as a strategic advisor to foundations, investors, nonprofits, local governments and other organizations that want to incorporate worker ownership into their economic development and community wealth-building programs. Kyle Chin-How Head of Business Development Kyle is based in New York City and he leads sourcing and deal origination for A&H. He previously worked at Skadden and Citigroup Inc., where he executed a wide variety of M&A transactions. He has managed special projects and worked on pro bono, community development and other strategic initiatives — including Citi's $50M investment in minority-owned and operated financial institutions. Before entering the private sector, Kyle was a dedicated activist and student government leader at his local community college, the place where he engaged elected officials, advocacy groups (environmental, immigrant rights, education, etc.) and small businesses in the New York City borough of Queens. He also interned in Joe Biden’s office at the White House during the Obama Administration. He was hired as the firm’s first associate, but soon became its chief of staff before pivoting to BD. Kyle is the proud son of multiracial immigrants from Guyana, and he grew up in Queens. He is a Jack Kent Cooke Scholar and received his B.A. summa cum laude in Philosophy and Political Science from The City College of New York. Outside of work, he loves languages, politics, sports, and hip-hop. Jungyun Kim Investment Analyst Jungyun is starting her career at Apis and Heritage as a Robert Wood Johnson Foundation and WES Mariam Assefa Fund fellow. As an investment analyst for A&H, Jungyun’s main objective is to provide support to the team. Her support focuses on tasks like financial modeling, providing research and analysis on both the deal side and impact side, as well as helping to oversee A&H portfolio companies. Her background, majoring in finance and her previous experience at a search fund helps to aid her ability in supporting deal processes. In addition, she is creating a library of documents, codifying processes, and helping to build systems that will help A&H support future Fellows more robustly. Pamela Burgos Operations Manager Since joining Apis & Heritage Capital Partners, Pamela Burgos has been a key player behind the firm's operational success. As Operations Manager, she’s responsible for guiding the organization: ensuring efficiency, financial stability, and process improvements. With a reputation for driving success in various organizations, Pamela has mastered the art of strategic planning, project management, and team leadership to elevate the company's operations. Pamela not only oversees the day-to-day business but also takes the lead in implementing systems that facilitate scalability. Her knack for financial management keeps us fiscally responsible, and she ensures compliance with all regulatory frameworks. In addition to her corporate effectiveness, Pamela enjoys exploring new places and perspectives on the world with her husband and two young children gained from her leisure pursuit as a flight attendant. As a proud daughter of immigrants from the Dominican Republic, her personal connection to our mission amplifies the passion she brings to her role. Our Advisors Our Advisors Dwayne Boothe Advisor and Member, Investment Committee Mr. Boothe brings decades of credit and investment experience to the A&H Investment Committee and advisory board. Prior to joining Directional Capital, Mr Boothe was a Principal at RLJ Credit, one of the largest minority-owned SBIC Funds, supporting U.S. small businesses by providing senior debt and subordinated debt investments in lower middle market companies. Prior to joining RLJ Credit, Mr. Boothe was an investment professional with RLJ Equity Partners, L.P., an investment fund focused on private equity investments in middle market companies with $230 million under management, beginning in March 2008. Both are and part of The RLJ Companies founded by Robert L. Johnson, the former Founder and Chairman of Black Entertainment Television (BET). Prior to that, Mr. Boothe served as an Associate with Allied Capital Corporation, a publicly traded private equity investment firm with more than $4.5 billion of assets under management, from March 2006 through February 2008. At Allied Capital, Mr. Boothe executed unitranche and mezzanine debt investments in excess of $275 million. Also at Allied Capital, Mr. Boothe executed five equity investments in excess of $475 million. Mr. Boothe received a B.S. in Finance from Georgetown University. Dr. Russell Read Advisor and Member, Investment Committee Russell Read, CFA, Ph.D. Co-Founder and Group Managing Partner, C Change Group. Dr Russell Read is a well known investor, having served as Chief Investment Officer for CalPERS, the Alaska Permanent Fund, and the Gulf Investment Corporation. He has also served as Chairman of the Investors’ Committee for the President’s Working Group on Financial Markets under Treasury Secretary Henry Paulson. His undergraduate degree in Statistics and MBA in Finance and International Business are both from the University of Chicago while his master’s in Economics and Ph.D. in Political Economy (focusing on the role of natural resources in national economic growth) were earned from Stanford University. Dr Read is now Managing Director of the C Change Group, which is focused on initiatives that can materially and positively transform the world’s utilization of natural resources. C Change’s initiatives over the past decade have included transformative energy and materials technology company investments that make the world cleaner and safer. Melissa Bradley Advisor Melissa L. Bradley is a co-founder of venture backed Ureeka, a community where small businesses gain unprecedented access to the expertise needed to grow their business. She is also founder and Managing Partner of 1863 Ventures, a business development program that accelerates New Majority entrepreneurs from high potential to high growth. In this role she created a community of over 10,000 New Majority entrepreneurs in three years. Melissa also serves an advisor the New Voices Foundation and New Voices Fund, as well as the Halcyon Fund. Melissa is the former Co-Chair, National Advisory Council for Innovation and Entrepreneurship and was recently named one of The Most Entrepreneurial Women Investors in 2018. Melissa is a professor at the McDonough School of Business at Georgetown University where she teaches impact investing, social entrepreneurship, P2P economies and innovation. She is also a Co-Founder and Managing Partner of Sidecar Social Finance, a social impact agency that provides impact investing advisory and capital services to individuals, institutions, and social enterprises. Michael Quarrey Advisor Michael’s work has focused on building high engagement organizations, where relationships and teamwork come first, and exceptional corporate performance follows naturally from the creativity and enthusiasm of employee-owners. As a staffer at the National Center for Employee Ownership, Michael pioneered research in the relationships between employee ownership, workplace culture, and corporate performance (HBR, September 1987). He has since held executive roles in in industrial, aerospace, and medical device manufacturing companies, and currently serves as Vice President of Web Industries, a 1,000 person 100% ESOP-owned manufacturer in Marlborough, MA. Believing that employee ownership promotes justice and human flourishing, Michael serves as the President of Ownership America. A policy research and advocacy organization launching in 2021, Ownership America is building a grassroots movement to promote broad based capital ownership as a foundational characteristic of public policy. Karin Burns Advisor Karin Burns is the CEO of San Diego Community Power, the second-largest Community Choice Aggregator in California. As an accomplished leader in the renewable energy sector, Karin is utilizing her diverse and broad experience to elevate SDCP to the apex of clean energy transitions, starting at the community level and expanding beyond. Karin is a dynamic innovator who seamlessly incorporates organizational efforts within humanity-focused strategy to affect change. Prior to her time at San Diego Community Power, Karin was the CEO of Build It Green, where she oversaw a wide portfolio of energy efficiency programs across the state of California. Karin then led the sale of Build It Green to Franklin Energy Services LLC, where she served as Regional Vice President. Prior to her career in energy, Karin was Executive Director of Code REDD, a globally recognized brand within the carbon credit industry. Karin’s background is in finance, where she held several high-profile roles in deal sourcing and investment across Asia and the US, focusing on alternative energy, new media, and sustainability companies. Karin has an MPA in international development from Harvard University, an MBA in finance with distinction from Edinburgh Business School, and a BA with honors from Duke University. Walter Mayo Advisor Walt Mayo is the Chief Executive Officer of Expert System, a leader in Artificial Intelligence applied to text with more than 20 years of experience in Natural Language Understanding. Prior to joining Expert System, Walt led the growth of Endeavor, an impact capital organization focused on scale-up businesses, more than tripling its global market reach and developing major new sources of revenue. Endeavor’s global network includes investors and entrepreneurs in more than 30 countries around the world and in virtually every business sector. He previously worked at Dell across a range of sales, marketing, software, and channel management roles and in accelerating the company’s international growth as General Manager for Southern Europe, Australia, Japan and Asia. He began his career after graduating from Harvard University as a Foreign Service Office and served in US diplomatic missions, the White House and the US Congress. He has an MBA from the University of Virginia and lives in the Boston area. Natalie Edwards Advisor Natalie K. Edwards was a founding member of Apis & Heritage Capital, where she helped draft the founding documents for Legacy Fund I and then served as General Counsel and Managing Director. Natalie has over 20 years’ experience advising major corporations and businesses on complex acquisitions, disposals, joint ventures and strategic alliances. Prior to joining A&H, Natalie served as a Managing Director at Citigroup Inc. and was the Head of the Corporate M&A Legal team. As the Head of Corporate M&A Legal, Natalie managed global strategic proprietary M&A for the Global Consumer Bank and the Institutional Clients Group and worked closely with Citi's functional groups (HR, tax, accounting policy, compliance, intellectual property, etc.) that supported those business units. Prior to her role at Citi, Natalie was a senior M&A lawyer at Linklaters LLP in its offices in New York and London and counsel in its office in Shanghai. She is an A Better Chance scholar that attended the Dana Hall School in Wellesley, Massachusetts and a graduate of Columbia College and Columbia Law School. Ira Perlmuter Advisor Ira is the Chief Investment Officer at IJP Family Partners, which advises a number of family offices on direct private equity and venture capital investments. Ira also advises families and funds on restructuring and/or turning around troubled companies. Prior to that, Ira acquired 11 companies and a community bank for a large family office. He was Chairman of five of those companies and has been on the Board of the bank and Chairman of the Credit Committee for the past decade. Ira has worked on over $20 billion of investments as a banker, investment banker and investor in over 35 different industries. Ira also helped create and lead an innovative event with the Department of Commerce’s Minority Business Development Agency for Minority and Women-Owned firms to meet family investment offices to explore investment opportunities together. Jocelyn Moore Advisor Jocelyn Moore is the Founder & CEO of an eponymous corporate affairs consultancy. With nearly 25 years experience working across multiple disciplines, she is a trusted advisor to CEOs, executive teams, and boards of directors on strategic communications, marketing, crisis and risk management, corporate social responsibility, operations, regulatory affairs, organizational change, as well as diversity, equity, inclusion, and belonging. An innovative leader, Jocelyn is known for developing creative solutions to tough business challenges. Previously, Jocelyn was Senior Managing Director of Corporate Affairs at Pretium, a specialized alternative investment firm with more than $50 billion in assets under management in single-family rentals, residential credit, corporate and structured credit, and litigation finance. Jocelyn also served as Executive Vice President of Communications and Public Affairs at the National Football League. As the NFL’s Global Chief Communications Officer, Jocelyn was a member of the executive leadership team and responsible for managing corporate affairs at the 100-year-old professional sports league. She was also a key architect of the league’s social justice efforts. Early in her career, Jocelyn spent 15 years in the United States Senate in a variety of senior roles, including as Deputy Staff Director of the Senate Finance Committee. As a member of the senior leadership team, Jocelyn advised on all issues before the committee relating to taxes, health care, energy, human services, pensions, Social Security, transportation, and trade. Jocelyn holds a B.A. in English and an M.Ed. in Student Personnel in Higher Education, both from the University of Florida. Steve Storkan Advisor Steve Storkan is the Executive Director of the Employee Ownership Expansion Network and board member of seven State Centers for Employee Ownership across the country. Steve has been involved in the employee ownership industry for over 25 years, most recently as the Director of ESOP Administration for Alerus Retirement and Benefits where he worked closely with businesses in the creation of an ESOP and the technical administration/compliance required in subsequent years. Steve spent 11 years as a member of the Board of Directors of the Minnesota-Dakotas Chapter of the ESOP Association where he also served as Chapter President and VP of Government Relations. Steve holds a Certified Financial Planner (CFP®) certificate from the University of Minnesota State Mankato.

By combining the speed, scale and expertise of private equity with the proven productivity and wealth building power of employee ownership, Apis & Heritage (A&H) Capital Partners is attacking the racial wealth gap and helping restore dignity, status and the American Dream for low income workers across the country. Let’s Work Together Get in touch so we can start working together. First Name Last Name Email Message SUBMIT Thanks for submitting!

By combining the speed, scale and expertise of private equity with the proven productivity and wealth building power of employee ownership, Apis & Heritage (A&H) Capital Partners is attacking the racial wealth gap and helping restore dignity, status and the American Dream for low income workers across the country. Accent Landscape Contractors Inc. was incorporated in Texas in 1979. Accent engages in commercial landscaping, irrigation construction work, and maintenance services. As certified Irrigation Specialists and Qualified Commercial Landscape Developers, the Company specializes in large-scale, commercial-grade projects for private, public, and local/state/federal government clients, with a current client base of 70+ active accounts. Accent has a workforce of approximately 120 full-time workers, the majority of whom are lower-income hourly-wage Latino workers. Senior financing was provided by Woodforest National Bank . NEW: LEGACY FUND I 2023 IMPACT REPORT Download Operating since 1985, Apex Plumbing Co . is one of the largest providers of residential, commercial, and municipal sewer and water line repair and replacement in the Denver Metro Area. Known as "the underground guys," they have successfully completed tens of thousands of sewer repairs and water line replacements. Apex also performs emergency repair and underground infrastructure rehabilitation for cities and districts and provides excavation services and turn-key surface restoration solutions for concrete, asphalt, and landscaping. Apex currently has a workforce of approximately 50 people, about 50% of whom are Latino. Senior financing was provided by UMB Bank . Based in rural western Oregon, Blooming Nursery has been a leading supplier of high-quality plants to garden centers throughout the Pacific Northwest since 1982. Known for its branded burgundy-colored pots, Blooming specializes in perennials, annuals, groundcovers, herbs, ornamental grasses, shrubs, and vines, including rare heirloom varieties. Committed to sustainability, all plants are “bee safe” and grown using water-efficient methods. Blooming employs 60+ year-round workers, expanding to over 120 in peak seasons. Over 90% of the workforce is Latino and women comprise about half the workforce. Senior financing was provided by First American Bank. Established in 2007, Sky Blue Builders is a general contractor specializing in complex federal and municipal construction projects, especially involving transit. The company has played a pivotal role at Denver International Airport (DEN), including the Great Hall renovation and the Center for Equity and Excellence in Aviation and various other transit infrastructure developments. SBB employs over 50 talented individuals, with a highly diverse senior management team and workforce. In April 2024, the company transitioned to employee ownership through an A&H Employee-Led Buyout, facilitated by senior lending from Vectra Bank. Consolidated Construction Services, Baltimore, MD: Founded in 1987, CCS is a Reisterstown, Maryland-based underground utility construction firm specializing in commercial-scale sewer, water line, storm drain, and electrical conduit installations for both private and municipal clients. The company has performed significant infrastructure projects, including the development of TradePoint Atlantic, a major intermodal global logistics hub in the region. CCS employs over 65 individuals, with an average tenure exceeding 10 years, reflecting a strong commitment to its workforce. In November 2024, CCS transitioned to a 100% employee-owned enterprise through an A&H Employee-Led Buyout, fostering shared ownership and financial security for its employees. Senior financing provided by WoodForest Bank. Investment Criteria A&H is searching for great companies that have at least $2 million in adjusted EBITDA, 40 full time employees or more, a history of profitable operations, and significant low/moderate-income workers. If you want to establish your legacy and be paid a fair price for your business, please contact us! CONTACT US

Hispanic Heritage Month, celebrated from September 15 to October 15, is an annual recognition of the immense contributions Hispanic and Latino Americans have made to the fabric of the United States. The range of impact is vast—spanning from the arts and sciences to business and politics. At Apis & Heritage Capital Partners, we know that empowerment goes hand in hand with impact. Hispanic Heritage and Opportunity: Empowering Voices and Investing in the Future Sep 29, 2023 Hispanic Heritage Month, celebrated from September 15 to October 15, is an annual recognition of the immense contributions Hispanic and Latino Americans have made to the fabric of the United States. The range of impact is vast—spanning from the arts and sciences to business and politics. At Apis & Heritage Capital Partners, we know that empowerment goes hand in hand with impact. Accent Landscaping is the leading commercial landscaper in bustling El Paso, Texas This month gives us an exceptional opportunity to focus on the entrepreneurial spirit prevalent in Hispanic communities. We are especially proud of our portfolio company Accent Landscaping , in El Paso Texas, in which almost all senior leadership is Latino, revenues have grown 20%, wages are up and regular working folks, the new employee-owners of Accent, are getting their first share statements. Our dedication to diverse leadership and underserved communities has always been at the heart of what we do. If you haven’t checked out our 2022 Impact Report , you’ll find detailed insights into how we're making waves in these key areas. Our team is eager to keep pushing boundaries. To honor this important month, here are some resources aimed to support and elevate the Hispanic economic community: 9 Resources for Hispanic- and Latino-Owned Businesses Latino Business Action Network (LBAN) : LBAN is a nonprofit organization that focuses on empowering Latino entrepreneurs. They offer various programs and resources, such as the Stanford Latino Entrepreneurship Initiative, which provides education, research, and networking opportunities. The National Association of Hispanic Real Estate Professionals , a nonprofit 501(c) 6 trade association, dedicated to advancing sustainable homeownership. Young Latino entrepreneurs, throw in your application to make a pitch at the Forbes Under 30 Conference, slated October 8-11 in Cleveland. Bad Bunny And Forbes Have Teamed Up To Invest $300,000 into the winning bids! Happy Hispanic Heritage Month! Let’s remember that this is more than just a time for celebration; it's an opportunity for action and growth. We're excited for you to join us on this journey as we strive to give regular working people a real shot at the American Dream. - Apis & Heritage Capital Partners A&H at home with the kids