Investment firm
We preserve what has been built
to create long-term value
We work alongside successful entrepreneurs through generational transitions and growth journeys.
A patient, industrial approach—rooted in respect for the company’s identity, its people, and its history.
About
Heritage Capital was created to stand alongside entrepreneurs who have built resilient businesses over time—through vision, dedication, and hard work.
We look for owner-led companies where a generational transition represents an important moment: not an ending, but a new phase to be navigated with respect, continuity, and method.
We support the entrepreneur and management team with practical capabilities: process improvement, organizational structure, disciplined cash management, and day-to-day decision support—always with deep respect for the company’s identity and history.
Strategy
Our strategy focuses on small and medium-sized businesses with solid fundamentals, recurring revenues,
and long-standing relationships with their customers.
We operate in fragmented industries, where growth can come from strengthening each business and, when appropriate,
from gradual and coherent integration paths.
We select smaller companies—often at a point of generational transition—with the goal of preserving their identity
and supporting their evolution over the long term.
WE SELECT
Businesses with a strong entrepreneurial story, stable economics, and loyal customers who recognize the quality of the product or service. We prioritize smaller companies, often approaching a generational transition.
WE DEVELOP
We focus on fragmented sectors with attractive growth prospects, where there is room to strengthen each company over time— preserving identity, culture, and positioning.
WE INTEGRATE
When appropriate, we support external growth, building stronger platforms through gradual, coherent, and sustainable integrations— respecting operational balance and the history of the companies involved.
Approach
Our approach starts by recognizing the value that is already there. The companies we join are businesses that work—built over time through good decisions, strong relationships, and deep knowledge of their sector.
After our entry, our priority is continuity and stability—supporting the company into its next phase with care, gradual change, and a strong sense of responsibility. Every decision is taken with respect for the company’s history, its people, and the context in which it operates.
We contribute time, presence, and method—bringing operational and managerial capabilities to support the organization over time, without forcing change. We believe in an orderly evolution, consistent with the company’s identity and focused on long-term resilience.
WE STEP IN
We join businesses that have already demonstrated value and resilience, taking responsibility with the goal of ensuring continuity and long-term development with a patient, industrial mindset.
WE SUPPORT
We support the organization in everyday decisions and through key transitions, bringing operational expertise, financial discipline, and business judgement—always respecting what already works.
WE GUIDE
We enable a gradual evolution, helping the business address new challenges and opportunities with balance and coherence. The aim is to strengthen the company without altering its identity, culture, and relationships.
Team
Heritage Capital was born from the meeting of two complementary paths.
On one side: hands-on operational experience—industrial processes and day-to-day work alongside businesses.
On the other: a finance track developed in complex international M&A environments.
This complementarity helps us approach entrepreneurial challenges with balance: vision and discipline,
respect for company history, and the ability to guide its evolution.
We share the same mindset: pragmatism, responsibility, and direct involvement—always with the goal of preserving what works
and helping the business grow over time.
Massimo Casarico
Co-Founder
Massimo has an engineering background, with a dual degree in Automation Engineering from Politecnico di Milano and Jiao Tong University, followed by an MBA at INSEAD.
He built hands-on experience in operations and performance improvement at EFESO Consulting—working on industrial efficiency, organization, and operations projects—and at Bosch, contributing to technology solutions in complex industrial contexts.
Ivan Pedretti
Co-Founder
Ivan has an international academic background, with studies in economics and finance at the University of Warwick and the University of Cambridge, and an MBA from INSEAD.
He developed his professional experience in London, working in investment banking at Goldman Sachs and then in private equity at Warburg Pincus, focusing on M&A transactions across Business Services and Industrial sectors.
Contact
For a confidential conversation, reach out. We respond quickly.