New Heritage Capital (Heritage), a Boston-based private equity firm with a more than 20-year history of partnering with growing, middle market, founder-owned businesses, announced the successful exit of its investment in Continental Services (Continental), the leading corporate foodservice provider in the Midwest. Continental was acquired by Morgan Street Holdings, LLC, an investment group focused on acquiring business services and consumer product companies.

Latham & Watkins LLP represented Continental in the transaction with a corporate deal team led by Boston partner Hans Brigham and Boston associate Laki Triantafylidis, with associates Michael Casagrande and Kayla Van Wyngarden. Advice was also provided on tax matters by New York partner Eric Kamerman; on benefits matters by Chicago partner Benjamin Rosemergy, with associate Kevin Matheny; on intellectual property matters by Boston partner Sarah Gagan, with associate Alex Theuer; on data privacy matters by Washington, D.C. partner Clayton Northouse, with associate Kiara Vaughn; on antitrust matters by Washington, D.C. partner Patrick English; on finance matters by Boston partner Alex Harris, with associate Matthew Farina; and on labor matters by New York counsel Sandra Benjamin, with associate Jane Jeong.