Economic opportunity in the United States is unevenly distributed, leaving many hard-working Americans without a path to financial security or the ability to invest in their children’s futures. At the same time, millions of small businesses owned by retiring baby boomers struggle to find buyers who will pay a fair price while preserving their companies and protecting their employees’ livelihoods.
A&H helps close the wealth gap in the U.S. by converting profitable businesses with diverse, hardworking teams into 100 percent employee-owned enterprises by financing employee-led buyouts—then partnering with new employee-owners to increase the success of their businesses. As a result, the benefits of business ownership go from one owner to many, and from financial investors to workers. Thus, the people who have contributed to these companies’ success are rewarded with a stake in their future growth, which creates an economy in which everyone can thrive.
Apis & Heritage is shifting the paradigm of selling a business so that those who contribute to its success can take the mantle of leadership and ownership. By combining the capital and expertise needed for employee-led buyouts, and focusing on companies in the service sector and “real economy,” Apis & Heritage Capital Partners is helping restore economic promise for low- and middle-income workers across the U.S.
Apis & Heritage has already proven that its innovative model of financing employee-ownership transitions can work. With three million businesses in the United States owned by retiring baby boomers, this succession option for owners is needed now more than ever. A&H is organizing a new fund to bring this option to even more companies and hardworking Americans.
Partner/Founder, Apis & Heritage
Partner/Founder, Apis & Heritage
Philip Reeves is a founder and Managing Partner of Apis & Heritage. Based in Washington D.C., he 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 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 is managing partner at Apis & Heritage, where he brings over a decade of experience working with and for small business. Todd's work at A&H is a continuation of a life and career dedicated to bringing the tools and best practices of finance and business to the communities and individuals who need them most.
Todd began his journey in employee ownership in Detroit, Michigan, 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. Todd serves on the boards of Accent Landscaping and the National Center for Employee Ownership.
Prior to his work in small business and employee ownership, Todd worked in corporate finance at JPMorgan Chase. Todd received his JD/MBA from Columbia University and is a proud graduate of Morehouse College.
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