The Heritage Group

Name

The Heritage Group

Legal name

The Heritage Group

Website

https://thgrp.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Construction & Materials: Revenue from quarry operations, asphalt production, road construction, aggregates supply, and construction materials distribution through portfolio companies including Asphalt Materials, Inc., Milestone Contractors, US Aggregates, Evergreen Roadworks, and FORTA.
2. Specialty Chemicals: Revenue from manufacturing and selling high-purity solvents, intermediates, specialty materials, renewable fuels, and specialty products through Monument Chemical. Products power industries across North America and Europe.
3. Environmental Services & Sustainability: Revenue from waste management, recycling services, hazardous waste services, remediation products, zero-waste-to-landfill certification programs, and battery recycling through Envita Solutions and Cirba Solutions.
4. HG Ventures Investment Returns: Returns from venture capital investments in startups across construction, materials science, environmental innovation, and advanced recycling. Typical initial investments of $1-10 million with additional reserves for follow-on funding.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

The Heritage Group is a fourth-generation, family-owned diversified industrial conglomerate operating a portfolio of more than 50 companies that deliver construction and infrastructure materials (asphalt, aggregates, paving, fiber reinforcement), specialty chemicals (high-purity solvents, intermediates and renewable fuels through Monument Chemical), and environmental and sustainability services (total waste management through Envita Solutions and battery recycling/critical mineral recovery through Cirba Solutions). The portfolio is supported by an in-house R&D center (Heritage Research Group) and a corporate venture capital arm (HG Ventures).

Product overview

The Heritage Group operates as a diversified portfolio of companies organized across three core divisions: Construction & Materials (Heritage Construction + Materials including Asphalt Materials, Milestone Contractors, US Aggregates, Evergreen Roadworks, The Hoosier Company, and FORTA), Specialty Chemicals (Monument Chemical), and Environmental Services & Sustainability (Envita Solutions, Cirba Solutions). Supporting the portfolio is Heritage Research Group (R&D center with 100+ patents and 14 labs) and HG Ventures (corporate venture capital). Key products include J-Band void-reducing asphalt membrane, Tietan rail tie coating, and Utilimin precision minerals. The company also offers proprietary technologies and materials across infrastructure, environmental, and chemical applications.

Differentiator

Problem solved

Functional benefit

Brands

• Heritage Construction + Materials: A family of companies that design, produce and deliver materials and solutions for infrastructure including asphalt, construction, and aggregates
• Monument Chemical
• Envita Solutions
• Cirba Solutions
• Heritage Research Group
• HG Ventures
• FORTA

Products and services

• Heritage Construction + Materials (HC+M) A family of companies within The Heritage Group that designs, produces, and delivers construction materials and infrastructure solutions. Includes Asphalt Materials, Inc., Evergreen Roadworks, Milestone Contractors, US Aggregates, The Hoosier Company, and FORTA.
• Asphalt Materials, Inc. Supplies high-quality asphalt products built on science, quality and care, creating longer-lasting, safer roads and addressing the industry's toughest challenges.
• Milestone Contractors A fully integrated heavy construction company specializing in highways, bridges, paving and site development. Over 30 years of experience with a reputation for safety, quality, people and innovation.
• US Aggregates Supplies essential construction materials including stone, sand, gravel and industrial minerals that form the foundation of everyday life.
• Evergreen Roadworks Delivers innovative pavement preservation and recycling solutions that extend roadway life and reduce environmental impact.
• The Hoosier Company A trusted provider of full-service transportation infrastructure and safety solutions specializing in traffic signals, roadway lighting, signage, and intelligent transportation systems (ITS).
• FORTA A Pennsylvania-based leader in synthetic fiber reinforcement for asphalt and concrete, providing high-performance solutions that improve pavement performance, enhance durability and efficiency, and strengthen infrastructure.
• J-Band Void Reducing Asphalt Membrane (VRAM) Void Reducing Asphalt Membrane with polymer-modified formula that reduces air voids and prevents water damage at the longitudinal joint, creating longer lasting, safer roads.
• Tietan Asphalt-Based Rail Tie Coating A patented asphalt-based coating that shields wood rail ties from moisture and UV rays to extend service life and protect rail infrastructure.
• Utilimin Precision Minerals A division of US Aggregates supplying precision-ground calcium and dolomitic carbonates for manufacturing, construction and agriculture, backed by technical expertise and rigorous quality control.
• Monument Chemical Produces high-purity solvents, intermediates and specialty materials that power industries across North America and Europe. Part of THG's specialty chemicals division.
• Envita Solutions Provides waste and recycling services that help customers minimize risk and meet sustainability goals. Designs customized total waste management programs that divert materials from landfills through recycling, composting and reuse.
• Cirba Solutions Leads the nation in critical mineral recovery and refinement. Handles every battery type including lithium-ion, partnering to collect and recycle end-of-life and scrap batteries, strengthening a closed-loop domestic supply chain.
• Heritage Research Group THG's world-class research and development center that pioneers practical, science-driven solutions for construction and materials, environmental services and sustainability, and specialty chemicals. Located in Indianapolis, IN with 14 labs, 100+ patents, and 500+ combined years of experience.
• HG Ventures THG's corporate venture capital investment arm that backs founders developing breakthrough technologies in sustainable materials, infrastructure, advanced recycling and digital transformation. Invests $1-10 million initially with additional reserves available.

Quantifiable outcome

• 885,652 tons of waste diverted from landfills in one year
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and flagship.

• FORTAcoreStrategic or Co-development Partner · 17 February 2026The Heritage Group acquired FORTA, a Pennsylvania-based leader in synthetic fiber reinforcement for asphalt and concrete, from Riverarch Equity Partners. The acquisition expands THG's construction and materials platform and will leverage FORTA's fiber reinforcement technology across infrastructure applications. FORTA benefits from additional resources, industry expertise, and operational scale under THG ownership.
• Indianapolis Motor SpeedwayflagshipStrategic or Co-development Partner · 1 January 1909Over 100-year partnership with Indianapolis Motor Speedway. THG companies (HRG, Milestone Contractors, Asphalt Materials) have maintained and improved the legendary racing surface since 1909. THG sponsors the Gasoline Alley Gallery in the renovated $60.5M IMS Museum.
• Second HelpingscoreStrategic or Co-development PartnerPartnership with Indianapolis-based nonprofit transforming rescued food into meals. THG employees volunteer regularly, and THG supports events like Corks & Forks and Tonic Ball. Partnership aligns with sustainability goals and community impact.
• Pack Away HungercoreStrategic or Co-development PartnerTHG volunteers pack meals alongside Pack Away Hunger annually. Campaign packed over 20,000 meals for families in Central Indiana as part of United for Service initiative.
• The Children's Museum of IndianapoliscoreStrategic or Co-development PartnerTHG sponsors Environmental Sustainability Advisory Committee (ESAC) at the museum. Partnership includes annual Kids Science Camp reaching children ages 8-12. Museum serves 1.3M+ children and families annually.
• Cirba SolutionsflagshipStrategic or Co-development PartnerNorth America's first lithium processor with six facilities. THG invested in building what is now the largest EV battery recycling company in North America. Handles every battery type including lithium-ion with full-service logistics, processing, and mineral recovery.
• EatoncoreStrategic or Co-development PartnerEnvita Solutions manages waste and sustainability for 250+ Eaton facilities across North America. Earned second Supplier Excellence Award for helping 100+ Eaton facilities achieve zero waste to landfill certification.
• Indianapolis Motor Speedway MuseumcoreStrategic or Co-development PartnerThe Heritage Group invested in the $60.5M museum renovation and sponsors The Heritage Group Gasoline Alley Gallery featuring seven era-themed garages showcasing racing history and technology.
• Orr FellowshipcoreStrategic or Co-development PartnerTHG partners with Orr Fellowship, a two-year post-graduate program connecting Indiana businesses with high-achieving graduates. THG Fellows complete three 8-month rotations across portfolio companies. Program partners with 70+ organizations supporting 120 fellows.
• Chemical Innovation Exchange (CIEX)flagshipStrategic or Co-development PartnerTHG hosts CIEX Summit bringing together CEOs, CTOs, researchers, and investors from across the chemical industry. Summit features dynamic collaborations and innovative exchanges at the forefront of chemistry and materials science.

Scale indicators19 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Stericycle: Public compliance-based waste management services provider focused on regulated waste streams including medical waste and specialty recycling. Comparable to Envita Solutions' total waste management and zero-waste-to-landfill programs for industrial customers.
• Ashland: Public specialty chemicals company producing specialty additives, solvents, and intermediates for pharmaceutical, personal care, and industrial markets. Comparable to Monument Chemical's high-purity solvents, intermediates, and specialty materials business.
• Martin Marietta Materials: Public aggregates and heavy building materials producer with national footprint. Overlaps with THG's US Aggregates and Milestone Contractors operations in crushed stone, sand, gravel, and paving services.
• Vulcan Materials: Largest US producer of construction aggregates and a major producer of asphalt mix and concrete. Directly comparable to THG's HC+M aggregates and asphalt platform (US Aggregates, Asphalt Materials), but operates nationally at far larger scale.

Direct peers

• Cargill: Private, family-owned (Cargill-MacMillan family) diversified agribusiness and industrial conglomerate. Comparable in family-ownership permanence, scale (~160,000 employees), and breadth of operating subsidiaries across multiple industrial verticals.
• Granite Construction: Public heavy civil construction company specializing in highways, bridges, paving, and site development. Directly comparable to Milestone Contractors' highways, bridges, and paving business within HC+M.
• Clean Harbors: Largest publicly traded provider of environmental and industrial services including hazardous waste management, remediation, and recycling. Directly comparable to Heritage Environmental Services and Envita Solutions' waste management operations.
• Koch Industries: Private, family-owned (Koch family) diversified industrial conglomerate with operations in chemicals, refining, fibers, polymers, and commodities. Closest structural analog to THG's diversified family-owned model with permanent capital and multi-sector industrial holdings.

Emerging players

• Redwood Materials: Private battery recycling and cathode active material producer backed by Amazon, Ford, and others. Directly comparable to Cirba Solutions in lithium-ion battery recycling, with greater capital backing and a focus on closed-loop EV battery supply chains.
• Li-Cycle: Public lithium-ion battery recycler with hub-and-spoke processing network in North America. Directly comparable to Cirba Solutions in battery recycling and critical mineral recovery, though smaller scale and currently in operational restructuring.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-heritage-group
• Instagraminstagram.com/the_heritagegroup
• Xx.com/INHeritageGroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Heritage Group