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A Week of Service, A Year of Impact

Posted on by Joe Ball

For almost a century, we’ve been dedicated to building stronger communities by tackling some of the most pressing needs. One way we do this is through our annual United for Service initiative, where we come together to fight hunger and make a meaningful difference for families across the country and beyond.

Hunger is an issue that affects every community, including here in the U.S., where about 34 to 37 million people—including 11 million children—face food insecurity. Food insecurity means not having consistent access to enough affordable, nutritious food. It might look like skipping meals, eating less, or relying on cheaper, less nutritious options. As Nick Reich, Executive Director of Pack Away Hunger, explained, “Food insecurity and hunger have a disproportionate impact on women and children. Through our partnership with The Heritage Group, we are able to help hungry residents of Central Indiana, especially during the holiday season.”

The success of United for Service wouldn’t be possible without our amazing partners who share our commitment to this cause. Pack Away Hunger, for example, relies on partnerships to pack and distribute nearly 1.5 million meals each year. “During their campaign, The Heritage Group packed just over 20,000 meals to support families in Central Indiana,” said Nick. “We literally couldn’t do the work, or have the impact, that we do without partners like them.”

This year’s campaign, which coincided with our 94th anniversary, was our biggest yet. Across 17 states, one Canadian province, and with more than 80 community organizations,1,119 Heritage Group volunteers worked together to make a real difference. Altogether, we contributed 1,845 hours of service, saving nonprofit organizations the equivalent of 230 days of payroll costs.

Over the past three years, our team has donated 4,456 hours to this initiative, resulting in thousands of meals packed, served and delivered to families in need. But the impact goes beyond the numbers. Volunteering brings our team closer together, offering employees the chance to collaborate with colleagues in new ways and strengthening connections across our businesses. It’s not just about giving back—it’s about growing together as a team while making a tangible difference in the places we live and work.

Heritage volunteers also play an essential role in the coordination of hunger relief, from preparing meals to delivering them. As Linda Broadfoot, CEO of Second Helpings, shared, “When companies like The Heritage Group bring volunteers to serve at Second Helpings, it helps us not only get food prepped and out the door but also builds the framework for future collaboration.”

United for Service is more than a hunger relief program—it’s a powerful example of what we can achieve when we come together. Through teamwork, community partnerships and a shared purpose, we’re helping ensure every family has access to nutritious food. As Amanda Borden, Vice President of Development at Eastern Illinois Food Bank, said, “We know the solution to alleviating hunger lies in the support of our community. Partnerships with companies like The Heritage Group make our mission possible.”

From the Midwest to the Gulf Coast, our Heritage family came together united in our fight against hunger. As we continue to look for opportunities to strengthen communities, we strive to shape a future where no one goes hungry and everyone has the opportunity to thrive.

What some of our hunger relief partners are saying:

 

Just some of the numbers of our United for Service efforts:

  • 20,000 Meals Packed: This year, volunteers joined Pack Away Hunger in Indianapolis helped prepare over 20,000 meals for families in Central Indiana. Midwest Food Bank, one of our distribution partners, picked up over 5,600 meals, ensuring that they reached food pantries and families in need by early January.
  • 207 Backpacks Filled: At Cultivate Food Rescue in South Bend, Milestone Contractors employees prepared 1,247 frozen meals. These were packed into 207 backpacks, ensuring children had reliable and nutritious food for their weekends.
  • 54 Kids Served: US Aggregates created take-home snack bags for 54 children who otherwise would have lacked access to healthy food during their winter break.
  • 1 million Meals Distributed: Our partnership with the Eastern Illinois Foodbank contributed to their ability to distribute over 11 million meals last year, including fresh produce for families across 18 counties.
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Empowering the Next Generation

Posted on by Joe Ball

When picturing young and emerging professionals in the workplace, college interns and recent college graduates are typically the first things that come to mind. However, there is a large demographic of young talent that is not often considered — high school students. One of the leaders championing high school talent at The Heritage Group is Workforce Planning and Talent Development Partner, Andy Cassler.  

As part of the Early-In-Career Talent Team, Andy oversees The Heritage Group’s high school programs, including the Pillars of Potential summer program and a work-study partnership with Providence Cristo Rey High School. These programs offer students from local high schools the opportunity to receive meaningful mentorship and career exposure with THG’s portfolio of companies. 

To Andy, mentoring emerging professionals is just a part of his day-to-day life. Prior to joining THG, Andy worked with college students as a Career Advisor at Butler University. He also worked with students as a middle and high school English teacher. His background in fostering youth development ties perfectly to his role at THG. “Working with young and emerging talent has been the cornerstone of my career journey so far,” Andy said. “This role was a perfect next step in my career.” Since joining the team in August 2023, Andy received his Lean Six Sigma Yellow Belt Certification for his creation and execution of the Pillars of Potential program as well as an award from Providence Cristo Rey High School recognizing his efforts in going above and beyond in supporting their students. 

While mentoring high school students may be a different experience than working with seasoned professionals, Andy emphasized how vital the connection is in growing the next generation of professionals. “It’s difficult for a young person who has never worked before to understand what it means to engage in productive work disconnected from academic grades,” Andy said. “Mentorship in a work context shows students the value in developing both personal and professional skills that go beyond classroom learning to the real world.”  

Mentoring high school students requires a specific skill set and intentional planning. However, with proper preparation and the right mentor, these relationships have the potential to further a student’s personal and professional development. To guide this process, Andy provided some tips on how to best lead emerging professionals.  

Practice patience and empathy  

“Working with high school students requires more understanding and patience because most students at this age have never worked before. They are just starting to learn the skills and competencies expected in a work environment. These are proficiencies that most of us take for granted but that young people need to be taught.” 

Support students when they fail and succeed 

“There must be space for failure. Rather than thinking something must be done perfectly the first time, or even every time, mentors should help students grow in their immunity to failure: How will they respond when mistakes are made? Will they choose defeat or resiliency as their reaction to failure? Good mentors know when to step in to correct mistakes so future attempts aren’t persistently thwarted by inaccuracy. When mentors can guide students to work in the freedom of imperfection, their fear of failing will subside.” 

Grow students’ networks 

“Mentoring high school students looks like making new connections across departments, disciplines and companies for young people to gain an understanding of collaboration. This is especially relevant with our value of building long-term relationships and mutual trust. When mentors show the importance of partnering and communicating well with others, high school students will begin to see connections in familiar places within their own contexts in a new light.” 

Show interest in students’ professional and personal goals  

“Developing a great relationship with their mentee is the first step to ensuring students receive both practical and aspirational advice. If the student believes that their mentor is indifferent to their success and well-being, then no advice will ever matter. Additionally, when mentors are transparent about previous challenges or mistakes, then their advice makes a greater impact.”
 

Focusing on the future, The Heritage Group strives to invest in young talent. Mentorship provides lasting benefits to the student, the mentor and the company. “Investing in young and early-in-career talent is vital to a company’s present and future success,” Andy said. “More people should consider engaging with young talent in the workplace.” 

To learn more about THG’s commitment to early and career talent, visit https://thgrp.com/young-professionals/ 

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The Power of Innovation: Why The Hardtech Showcase is a Game-Changer

Posted on by Joe Ball

The Power of Innovation: Why The Hardtech Showcase is a Game-Changer

In the ever-evolving world of technology, breakthroughs don’t just happen in Silicon Valley or within the confines of software. Hardtech—where tangible, physical innovations come to life—plays an equally pivotal role in shaping the future. From cutting-edge materials to groundbreaking solutions in transportation, energy and manufacturing, hardtech startups are laying the groundwork for the next wave of industrial transformation. But for these founders to take their innovations to the next level, they need more than just brilliant ideas—they need the right platform, connections and support. That’s why events like The Heritage Group Accelerator’s Hardtech Showcase are not only vital but transformative.

The Heritage Group understands that groundbreaking ideas can come from anywhere. By hosting a dedicated showcase for hardtech startups, we’re creating a bridge between the visionaries who are developing next-gen technologies and the industry leaders and investors who can propel those visions into reality.

“The Heritage Group Accelerator taught us how to tell our story,” said Mark Collins, CEO and founder of Emission Free Generators as well as an alumni of the Accelerator. Storytelling is not only key to a successful showcase presentation, it makes an impact with investors as well. For Collins, that meant standing out among over 180 applicants to secure support from the Rocket Fund.

The value of this event is its ability to bring together two worlds that need each other: startup founders, who are often pushing the boundaries of what’s possible with limited resources, and industry giants, who have the experience, capital and infrastructure to turn those possibilities into scalable solutions. For the founders, it’s an unparalleled opportunity to present their innovations to an audience that can fuel their growth. Whether it’s a new material that will revolutionize construction or a breakthrough energy storage solution that could reshape the renewable energy sector, the ideas on display at the showcase have the potential to change entire industries.

For investors and industry leaders, the Hardtech Showcase is a front-row seat to the future of hardtech. Having access to these innovative startups can make all the difference, and these decision-makers get to see first-hand the ingenuity behind the pitches. The chance to interact directly with the minds behind the innovations—hearing their stories, understanding their challenges and seeing their solutions up close—provides a level of engagement far beyond reading reports or reviewing portfolios. It’s also an opportunity to see how the Accelerator makes an impact on founders.

“The Accelerator pushed the limits of what I thought was possible,” said Nick McRae, Chief Executive Officer of BroadLoop and another program alumni. “It’s changed the way that I operate the business, the way I think about growing more quickly and what’s possible for our company.”

New ways of thinking are at the heart of The Hardtech Showcase, which goes beyond pitching to foster a true collaborative environment. It’s not just about attracting investment—it’s about building relationships. Founders leave the event with invaluable feedback, mentorship and potential partnerships. In turn, industry leaders gain insights into emerging trends and technologies that can keep their companies and products ahead of the curve.

At its core, The Heritage Group Accelerator’s Hardtech Showcase is about celebrating innovation in its most tangible form. It’s about recognizing the immense value that comes from building solutions that are not only visionary but practical and world-changing. For the startup founders, it’s a moment to be heard and supported. For investors and industry leaders, it’s an opportunity to be part of something bigger than themselves—supporting the kind of innovation that doesn’t just influence industries but transforms the way we live and work. While the Hardtech Showcase is the culmination of an intensive 13-week program, it’s also the start of a brighter, more innovative future, all thanks to the hardtech visionaries who dare to dream—and the platforms like The Heritage Group that help make those dreams a reality.

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Under the Hood: The Story of HG Ventures and Battle Motors

Posted on by Joe Ball

Battle Motors, a company transforming the heavy-duty commercial vehicle landscape, has a close partnership with HG Ventures. Following a recent visit to the company’s Ohio production facility, HG Ventures Managing Director, John Glushik, explains what makes this opportunity so special.

At HG Ventures, we often talk about investing in people as much as technology, and that has certainly been the case with Battle Motors. When I first met Mike Patterson, Battle Motors’ CEO, he was already a successful serial founder. So, when he approached us with his vision for a new venture, I was immediately interested. The Heritage Group has always bet on people, and Mike exemplifies the kind of leader we want to support. The values and standards that drive him and his team are consistent with how we do things at The Heritage Group, and it was clear early on that this was a great fit.

Mike saw a unique opportunity: take an existing company, an established refuse vehicle manufacturer, and scale it rapidly by introducing new technologies, unmatched reliability and a growth-oriented team. It was an easy decision to invest in Battle Motors in mid-2021, and as part of the deal, I joined the board. The timing couldn’t have been better.

John Glushik, Managing Director of HG Ventures, walks the Battle Motors facility with Mike Patterson

Thoughtful Innovation at the Forefront of the Electrification Revolution

The commercial vehicle industry, and refuse trucks in particular, have been dominated by diesel for decades, and in some areas, there’s been a shift towards compressed natural gas (CNG). However, electrification offers performance-improving technologies for a range of industries. With that in mind, Battle Motors has taken an established vertical in the commercial vehicle space—specifically, refuse trucks—and launched electrified trucks.

You can’t just dive into electrification overnight. It’s an evolution, and at Battle Motors, they’re approaching it thoughtfully. Battle Motors has built a diverse set of products, so customers can evolve into it as they see fit—whether staying with best-in-class diesel, bringing in CNG, mixing technologies or going 100% electric.

Refuse trucks are a perfect application for electric commercial vehicles. With known duty cycles and routes, there’s no range anxiety—something that often holds back electric vehicle adoption. You can send out a truck with a battery that lasts 100 miles on a 20-mile route, and you’ll never have to worry about charging. This predictability also makes it easy for fleet managers to calculate ROI on a vehicle-by-vehicle basis, further strengthening the case for electrification.

Battle Motors’ growth tear isn’t stopping with just refuse trucks, and the company is rapidly expanding into a wide range of heavy-duty commercial vehicles.

The Battle Motors facility in New Philadelphia, Ohio

Leveraging Existing Relationships

One of the smartest moves Mike made was acquiring and transforming an existing business with established customer relationships, rather than starting from scratch. Battle Motors is the evolution of Crane Carrier Company, a legacy business that had been operating for decades. Through Crane Carrier, Battle Motors already had relationships with most of the major municipalities in the U.S. who were buying diesel trucks along with an established dealer network.

By leveraging these existing relationships, Battle Motors has quickly positioned itself in front of major cities and waste management companies across the country. This has been a key factor in accelerating the company’s growth and ability to gain traction in the market.

A Worthy Investment

The company has expanded the existing Ohio plant and increased production capacity by more than 8X since our original investment, and touring the facility recently was truly exciting. For us, the ideal investment prospect combines many factors, and Battle Motors hits on all of them. It’s a company that embodies what we look achieve with an investment by HG Ventures.

We focus on helping companies with tangible value, and Battle Motors is a prime example of putting that in place. We combine significant venture capital experience—helping build teams, serving as trusted Board members, and helping companies navigate growth challenges—with the unique value that The Heritage Group brings: decades of market expertise, technical knowledge, and strong relationships in key markets.

I’m incredibly honored to be part of a transformation that is set to revolutionize an industry to be more productive and sustainable. I am confident that Battle Motors’ dramatic growth in the commercial vehicle sector will have significant long-term impact, and I am proud we can play a role in that success.

This story was originally reported by HG Ventures and has been republished here with permission.

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Significant Steps in Our Sustainability Journey

Posted on by Joe Ball

If you’ve ever been to The Center on the northwest side of Indianapolis, you know what an impressive campus it is. The Center serves as The Heritage Group’s hub of connection, collaboration and innovation.

Both LEED and SITES certified, The Center campus is also a beacon of sustainability.

Boulders and stone, gathered from Indiana quarries, were incorporated into the building’s design.

Boulders, stone panels and aggregate came from our own Indiana quarries, native plants attract pollinators and provide habitat for birds and other creatures, solar panels power lighting on our entrance signage and rainwater gathered in ponds is used for irrigation. The Heritage Group thoughtfully designed this space to make the smallest environmental impact, and we continue on our sustainability journey, always looking to improve. It’s the right thing to do for our people, planet and communities.

Zero Waste to Landfill

In a concerted effort to reduce our waste, and in partnership with experts from our operating company Envita Solutions, we’ve spent the last year re-evaluating best practices, taking very detailed measurements and making improvements with this goal in mind: reaching Zero Waste to Landfill. Company leadership, employees and vendors all played a part in this win through these steps:

  • No more single-use plastics. Employees often carry reusable water bottles or compostable cups into meetings.
  • Compost food waste. Green with Indy takes our compostable products and turns it into compost for community projects.
  • Like-minded caterers. Meals are served using compostable or recyclable plates, napkins and flatware.
  • Construction “clean fill.” Because they won’t leach into the ground, materials from the lab such as asphalt mix and aggregate can be used as a clean fill material.
  • Waste to energy. Through our waste hauler, our reduced amount of waste is repurposed as fuel.

“Thanks to this teamwork, we’re now diverting 100% of our waste from the landfill,” said Anne Smith, THG’s Senior Director of Sustainability. “Plus, these steps also helped us earn six more points in our LEED recertification, bumping us up to the Silver level. We couldn’t be happier with this outcome!”

LEED Recertification: Silver Level

Onsite charging stations for electric vehicles.

When you walk into a LEED certified building, you see a badge proudly displayed that announces that status. This badge is hard earned and indicates that sustainability is a top priority for the building owners and occupants.

It’s not a one-and-done thing: LEED recertification happens every three years, so it’s an ongoing effort according to Todd Dobbs, Facilities Manager for THG, who led our most recent recertification. “Being recertified shows that we aren’t just putting a plaque on the wall. We’re continuing to live and work sustainably.”

The recertification work was boosted by an energy audit and recommendations on how to reduce our energy consumption. Following those recommendations, The Center invested in monitoring systems that evaluate energy needs and adjust lighting, temperature and ventilation controls to meet those needs without waste.

For example: In our lab, fans in the ventilation hoods were running at 100% all day, every day. Now, with occupancy sensors installed, controls dial fans back to a minimum level after 30 minutes of no occupancy. That means all night, all weekend, we’re saving energy.

Although we used LED bulbs in many areas of the building, we were able to convert 1,000+ bulbs to LED versions. Moves like this resulted in huge improvements in efficiency, reducing our reduced electrical consumption by 30% and natural gas by 40%.

Besides energy consumption, LEED includes measurements in other areas too:

  • There’s little room for improvement there, with motion-activated faucets and low-flow toilet tanks already in place.
  • We asked employees who work in The Center to share information about their commutes and what vehicles they drive. Thanks in part to the EV charging stations in the lot, we’ve grown from two employees with electric vehicles in 2017 to approximately 10 this year.
  • Human Experience. We also asked employees to share their impressions about their work environment, amount of daylight and outdoor spaces. The response was overwhelmingly positive.

“Our long-term goal is to continue our work in this area — we still have gains to make,” said Todd. “Maybe someday we’ll even hit Gold!”

Did you know?

LEED-certified buildings save money, improve efficiency, lower carbon emissions and create healthier places for people. They are critical to addressing climate change, enhancing resilience and supporting more equitable communities.

SITES-certified projects help reduce water demand, filter and reduce stormwater runoff, enhance biodiversity, provide pollinator and wildlife habitat, reduce energy consumption, improve air quality, improve human health, increase outdoor recreation opportunities and much more.

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Embracing Authenticity in the Workplace

Posted on by Joe Ball

As a Talent Acquisition and Human Resources specialist at The Heritage Group, I am not just filling roles, I am helping to build a community where everyone can thrive and contribute their unique perspectives.

Growing up, I never had a clear vision of my future career. My primary aspiration was to help people, and when it came time to choose a college path, nursing seemed the obvious choice. My love for math and anatomy in high school supported this decision. However, college-level anatomy and math were a different story, and I found myself back at square one, re-evaluating my goals.

After some career mapping and self-reflection, I settled on a Communications Studies major with a minor in Public Relations and Advertising. Though uncertain about the exact career this would lead to, I believed it was a step toward understanding and addressing people’s needs.

Upon graduating, I grappled with how to merge my desire to help others with my Communications degree. I began working at the IU School of Nursing, supporting the very students who were pursuing the path I once considered. The arrival of COVID-19 and my growing aspirations led me to explore new opportunities, eventually landing an HR Coordinator position at a retirement community through an IU connection. Despite limited HR experience, I recognized it as a potential avenue to fulfill my passion for helping others.

As I learned the intricacies of payroll, benefits and policies, I was promoted to an HR Generalist, handling all aspects of talent acquisition. I hired folks for a wide range of positions, from part-time servers and housekeepers to CNAs, RNs, and director-level roles. High turnover rates in retirement communities kept me constantly busy, but I relished the chance to help people find jobs that suited them and to ensure that employees felt heard and valued. The residents’ appreciation for the staff I helped recruit was incredibly rewarding.

I wasn’t actively job-hunting when I discovered an opening at The Heritage Group, thanks to a former supervisor who knew my skills and passions. Feeling unfulfilled in my current role, I decided to apply. The opportunity seemed perfect for my growth and learning. After a phone interview with Lisa Minter and subsequent meetings with the team, I knew this was the right fit. I felt an immediate connection with the team, able to be both my professional and playful self. Receiving the offer letter was exhilarating, though leaving my previous job was bittersweet.

Talent acquisition might seem straightforward, but it involves much more than just filling positions. It requires a deep understanding of team dynamics, job responsibilities and the qualifications necessary for the role. At The Heritage Group, the approach is different from my previous experiences. Here, the focus is on finding the right person who fits the right position at the right time. This motto is deeply ingrained into our company culture.

What I cherish most about my job is building relationships. I enjoy those initial conversations, delving into both the professional and personal aspects of candidates. I aim to understand not only their qualifications but also their aspirations and values.

Often, candidates ask me about my favorite part of working at The Heritage Group or the company culture. My genuine response is that The Heritage Group encourages employees to be their authentic selves. It’s a place where your voice is heard and valued. This is the first company I’ve worked for that genuinely welcomes diverse opinions and actively seeks feedback from its employees.

This journey has shown me that being true to oneself in the workplace is not only possible but essential for personal and professional fulfillment. Working for a business that is open, inclusive, and dedicated to authenticity has been a transformative experience.

 

– Abby Richards is a Talent Acquisition and Human Resources specialist with The Heritage Group

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Driving the Future of Octane

Posted on by Joe Ball

At the Octane National Symposium, held in Indianapolis in late-April 2024, Monument Chemical brought together key players together for once-of-a-lifetime experience.

From April 22 to 24, over one hundred industry experts and technicians flew in from all over the country to swap stories and gain insight into the future of octane fuels. Monument’s Indianapolis Octane National Symposium created an intersection for proven experience and fresh perspectives to give attendees a valuable look into emerging industry trends — and how we’re taking full advantage. And true to Monument fashion, we took the conference experience to another level, hosting it at the Heritage Center with a truly one-of-a-kind tour at the Indianapolis Motor Speedway.

“As a leader in the Octane space, it was our goal to bring together key players in our industry to share best practices on the nuances of Octane measurement,” Indresh Mathur, Director of Innovation and Customer Solutions at Monument, explained. “In addition, we shared our expanded capabilities and investments in the renewable fuels business, particularly in the racing industry, as well as how we leverage decades of history and experience through Haltermann Solutions to support our customers in all the areas they need. This Symposium is just one of many ways we’re raising the bar.”

After a night of networking and introductions, the first day of the three-day event included technical sessions and panel discussions, featuring business leaders from Sunoco, Marathon, ExxonMobil, Argonne Laboratory, and more, as well as several members of the Octane measurement and racing community.

“Our speakers were thoughtfully chosen to facilitate the most effective transfer of knowledge across the industry,” Sarves Peri, VP, Business Leader Monument Renewables and Fuels, shared. “There are a lot of highly experienced leaders entering retirement, so we wanted to give their expertise a platform to educate the young people in our field who are shaping the landscape and designing the future of Octane and Cetane measurement.”

“Following the conference, participants were eager to share positive feedback with the Monument team,” Indresh added.

“Monument did a great job coordinating the event and keeping all the attendees engaged with the presentations, while creating a relaxed, open atmosphere where we could all share insights and stories about our experiences in testing fuels,” Zachary Santner, Manager, Product Engineering and Business Optimization at Sunoco Performance Products, shared. “Building my network of resources for octane testing gave me a lot of confidence in continuing to find parts and service for our old equipment — which is extremely valuable for Sunoco and me personally in navigating any issues my team might encounter related to the knock engines.”

That afternoon, a bus took all attendees to the Indianapolis Motor Speedway for a special access tour led by the head of track operations. Working closely with Milestone, everyone was able not only to get exclusive access to the track itself, but also to see and learn all about a real pace car first-hand.

“I feel like Monument went above and beyond any expectation that anyone had,” Stacy Perry, Refining Analytical & Development’s Quality Programs Compliance Specialist, Marathon. “The tour of the raceway was a once in a lifetime experience for me. But my favorite part of the experience was meeting individuals who have been in the business for many years. Hearing their experience and life lessons is an invaluable practice that provides benefits to everyone. I learned more in the two days of this symposium than I have learned in the ten years I have been in the refining industry.”

Day two featured a highly technical agenda in collaboration with the Joint Regional Octane Group Meeting. Sessions were tailored specifically to these members, while all other attendees had the opportunity to tour The Heritage Lab, as employees shared the history of our research, as well as our current and emerging capabilities in renewable fuels.

“The Center was an amazing venue,” Stacy added. “I got a chance to walk around the woodland trails and fell in love with the creative world they have created!”

From one-of-a-kind tours to invaluable networking and knowledge sharing, Monument is extremely proud of the success of our first Octane Symposium. We’re grateful for our collaboration with CFR Engines Inc., the regional groups, our sponsors, and all the participants in coming together to share valuable perspectives and insights.

“Our role as an industry leader goes far beyond buying and selling Octane and Cetane reference fuels,” Sarves explained. “It’s our responsibility to understand the big picture, how the industry environment is changing, how that impacts our customers’ needs, and how we respond with solutions. And we then share that information with our partners and even our competitors. That’s what being a leader is all about, and we’re very excited about what the future has in store.”

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Fueling Discovery

Posted on by Joe Ball

In the race for innovation, there’s no greater proving grounds than the Indianapolis Motor Speedway (IMS). Throughout its storied history, the Speedway embodies the spirit of discovery.

Indianapolis Motor Speedway has played a pivotal role in shaping the landscape of motorsports worldwide. The Speedway’s marquee event, the Indianapolis 500, has inspired countless imitations and adaptations, solidifying its status as the pinnacle of motorsport. The Indianapolis 500, often referred to as “The Greatest Spectacle in Racing,” is the crown jewel of racing in America. This annual event draws hundreds of thousands of fans to witness the world’s best drivers compete in a grueling 500-mile race. The event’s significance transcends sports, becoming a cultural phenomenon that symbolizes the spirit of competition, perseverance and ingenuity.

The Heritage Group and our operating companies have stood alongside the Indianapolis Motor Speedway for decades. Together, we push boundaries, harnessing emerging science to propel progress forward. But, how exactly, did this long-standing partnership come about?

Our first company, Crystal Flash, sponsored a car for the 1937 running of the Indianapolis 500. Beginning in the late 1950s, Asphalt Materials, Inc. (AMI), a member of Heritage Construction + Materials (HC+M), began supplying bituminous materials for use in track repairs. This partnership continued and expanded in 1988 when Heritage Research Group (HRG), the research and development team of The Heritage Group, designed specific asphalt mixes for the Speedway’s oval.

Since then, the partnership between the two institutions has only strengthened. As time wore on and the track’s racing surface was subjected to the ever-changing climate of Indiana, it was time to update the asphalt, which at the time was only lasting around seven years. When it came to repaving the surface, IMS called upon Heritage to oversee and execute the sensitive work.

It wasn’t until 2013 that the full strength and capabilities of the various operating companies of The Heritage Group were put on display. On October 1, 2013, IndyCar and IMS officials announced a new event, a grand prix race on a road course, to be held in May 2014. However, an entirely new track needed to be designed and built in a very short amount of time. The road course project united Heritage Research Group, Milestone Contractors, US Aggregates and Asphalt Materials, Inc. to complete the work prior to the upcoming winter season which would halt any on-track construction. The work was completed to specifications on time, and the inaugural Indianapolis Grand Prix was held May 10, 2014, just seven months following the event’s announcement.

Enduring Spirit of Innovation

The pursuit of speed at the Indianapolis Motor Speedway has also been a catalyst for scientific discovery. Engineers and mechanics continuously strive to enhance the performance and safety of race cars, often pioneering technologies that eventually find their way into commercial vehicles. From rearview mirrors to disc brakes, from seatbelts to increased fuel efficiency, all of these innovations were first tested at the Speedway before making their way to your personal automobile.

The innovations born on the track often have far-reaching implications beyond racing, contributing to advancements in automotive technology, transportation systems and even environmental sustainability. For example, developments in hybrid and electric vehicle technology, spurred in part by the push for greater fuel efficiency in racing, have the potential to revolutionize the automotive industry and reduce carbon emissions.

Beyond its role as a hub for innovation and scientific discovery, the Indianapolis Motor Speedway holds a special place in the hearts of racing enthusiasts worldwide. The speedway’s illustrious history is dotted with legendary drivers, unforgettable races and dramatic moments that have captivated audiences for generations. From the first Indianapolis 500 in 1911 to the present day, the speedway has been a dramatic stage for both motorsports and human achievement.

“Find those partners that understand your mission and that are willing to work alongside you to make it better,” noted Doug Boles, President of Indianapolis Motor Speedway. “That’s one of the things we love so much about Heritage. We could not have the Indianapolis Motor Speedway and the Indianapolis 500 without our partners at Heritage.”

The enduring partnership between the Speedway and The Heritage Group drives a relentless pursuit of excellence, shaping the next generation of safety, speed and success — both on and off the track.

 

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Envita Solutions: Leading By Example

Posted on by Joe Ball

Since 2001, Envita Solutions has been a devoted partner to customers, helping them tackle their most complex waste and sustainability challenges. Since its inception, Envita Solutions has continued to evolve with the changing sustainability landscape. From circularity strategies, increased recycling, waste minimization, landfill diversion, equipment optimization, cost savings – and everything in between – Envita Solutions understands the dynamic decision points its customers are weighing.

Envita Solutions exists to protect human health and the environment. As the premier provider of total waste management services in North America, they walk the talk in working towards their own ambitious sustainability goals.

Carbon Neutrality

To further its environmental impact goals and continue leading by example, Envita Solutions has achieved carbon neutrality across its North American operations. In addition to structural changes to minimize GHG release, Envita Solutions also procured carbon credits from N2O abatement projects to offset harder-to-decarbonize business operations. Envita Solutions’ carbon credit strategy was guided by ClimeCo, a trusted carbon credit market leader with the highest standards of environmental commodity products. Over the next decade, Envita Solutions will work to reduce GHG emissions so each subsequent year they rely less and less on the offset market to support climate resilience.

Environmental Impact Reporting

Creating a sustainability plan requires extensive decision-making with a focus on long-term impact. Envita relies on both The Carbon Disclosure Project (CDP) and EcoVadis to help identify benefits and risks as well as improve performance and accountability on their sustainability journey. CDP supports Envita Solutions in managing its environmental impact through reporting and risk management with programs focusing on climate change, water, supply chains, forests, and cities. EcoVadis is a globally recognized assessment platform that Envita Solutions utilizes for reporting. It allows Envita Solutions to see the full picture of how their sustainability decisions influence four main categories: environmental impact, labor, procurement practices, and human rights standards/ethics.

Zero-Waste-to-Landfill

Envita Solutions has proudly helped more than 300 of its customers’ facilities achieve zero-waste-to-landfill certification. This means that they send zero discards to landfills or high-temperature destruction, instead diverting it to more sustainable means. Of course, all of Envita Solutions’ facilities in both the United States and Mexico are also proudly zero-waste-to-landfill certified.

Envita Solutions is the industry leader in delivering transformative sustainability across North America and they’re not slowing down any time soon!

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Progress Over Perfection

Posted on by Joe Ball

Amy Schumacher is CEO of The Heritage Group, a U.S. based sustainability investor. Amy tells Nomura Greentech that she is applying generations of business experience to grow vital new industries such as battery recycling.

This interview first appeared in the Winter 2023 edition of Nomura Greentech, and is reposted here for promotional purposes.

“We have been in the environmental sector for over 50 years.”

 

What first sparked your interest in sustainability?

At The Heritage Group we are a fourth generation, privately held, family-owned business. We think in terms of decades and ultimately generations, that’s how we are still around.

We have been in the environmental sector for over 50 years. My father founded that part of our organization, and I grew up in that world.

My spark is tied to how we define sustainability as people, planet and communities, as well as our common vision, centered on leaving the world better than we found it.

From early teenage summer jobs to my current CEO responsibilities, sustainability has always been a part of me.

How concerned are you about climate change and the pace at which the world is collectively trying to solve this problem?

We are all citizens of the world on this particular issue and I think everyone needs to explore what they can do to address climate change.

Both big initiatives and small steps can create a significant impact. For example, we’ve taken the small, but important step of eliminating single-use plastic bottles at our headquarters, and other Heritage locations are beginning to do the same. On a larger scale, we’re part of an initiative that’s introducing sustainable solutions into the construction of airport runways.

Tackling climate change is fraught with challenges from inconsistencies in language and measurement, to lack of global alignment and keeping up with rapidly evolving regulation.

I am concerned that the challenge may seem too daunting or the solutions so complex that people either get discouraged or spend too much time debating rather than taking meaningful steps forward.

At The Heritage Group, at least on our sustainability journey, we have adopted the mantra of ‘progress over perfection’ – in other words, even if our action is somewhat imperfect, we’ve ultimately made more progress than if we hadn’t begun at all.

As CEO you oversee The Heritage Group’s portfolio of more than 50 businesses and 6,000 employees. What’s your ethos when it comes to sustainability, capital allocation and investment or acquisitions?

The way we consider sustainability in making investment decisions has changed dramatically. It was always in the ether, but it’s now front and center as a factor that we actively discuss as it relates to strategic investments.

Our portfolio is very diverse. We have some companies that operate directly in the environmental services space and others in various adjacencies around it.

In addition to our core business areas, we have grown our investment thesis into new platforms that ultimately service our sustainability mission. In our HG Ventures portfolio, a hard-tech focused venture strategy, I can’t think of an investment we have made that doesn’t support our sustainability goals.

The DNA of The Heritage Group is in materials science. You have a focus on chemicals, construction materials and environmental services. How are you looking to bring sustainability into these businesses and which one is the hardest to decarbonize?

I’m really proud to be in these sectors and I’m committed to supporting their transition.

When I think about some of our legacy core businesses, we have embraced circularity for a very long time. Take reclaimed asphalt pavement, or RAP, one of the most recycled materials in the U.S., or recovering zinc from one of the largest solid hazardous waste streams in the country.

To decarbonize these businesses, we have long leveraged our Heritage Research Group, which uses science and technology to do more with less and do things differently.

This means harnessing our expertise in specialty chemicals and sustainable fuels to drive development or taking a waste stream from one industry to create an environmentally friendly solution in another or even optimizing processes, not only to reduce waste, but also to decrease our environmental footprint.

Quite often the decarbonization challenge is difficult and instead of leaning in, many investors exit and transfer the problem to someone else. We see that all the time and instead, we are using our expertise in science to drive sustainable solutions.

Which areas are you focused on for new investment and which of your past investments have yielded the biggest sustainability impact?

From an investment perspective, we are always looking at aligning our capabilities with the next emerging macro trend or tailwind – that’s when we are at our best.

Our investment in Cirba Solutions, the largest lithium-ion battery recycler in North America, is a good example of a recent success and where we plan on maintaining our focus in the near term.

Battery recycling is set to benefit from the rapid expansion in the global EV market and the U.S. will continue to develop at a fast pace as there’s a shortage of mineral inputs. Batteries are also associated with geopolitical and societal challenges considering where in the world some of these raw materials are located so recycling can help mitigate these issues.

Our strategy for Cirba Solutions was to look at that emerging opportunity and match it with the expertise within our portfolio companies to accelerate its development.

When I think about our past investments and current capabilities, what gave us the courage to commit to building and ultimately growing Cirba, was our understanding of recycling. We have capabilities in collection, and expertise in the science and technology of reusing materials.

With our track record of successfully handling challenging materials, we see an opportunity to be a leader within that industry. It’s a perfect example of where so many of The Heritage Group’s best capabilities really came together to do something impactful.

To what extent do you think the Inflation Reduction Act (IRA) is fast tracking decarbonization solutions and is it helping any of your portfolio companies?

I think it’s too early to understand the full impact of the IRA. It is definitely raising awareness, driving capital investment and accelerating the pace of business growth within the green space.

A number of our businesses, including Cirba Solutions, were recipients of federal Department of Energy grants related to their innovative technology. We were fortunate to have Energy Secretary Jennifer Granholm at our ribbon cutting to celebrate not only the IRA, but what was possible for one of our emerging core businesses.

Envita Solutions is another example of a key Heritage operating business that is helping our customers achieve their goals through the use of data and science to optimize waste management.

While the IRA is not directly benefiting Envita, it is impacting the customers we serve by accelerating their net zero goals and timelines which in turn creates more opportunities.

The IRA is also having a positive effect on our communities. The Children’s Museum of Indianapolis is one of the best museums in the country, and The Heritage Group helped it apply for a Department of Energy sustainability grant through the IRA. We have a strong passion and commitment towards improving our communities.

Which future technologies are you most excited about?

Every year, around this time, I get really excited about welcoming our hard-tech founders into The Heritage Group Accelerator.

The program brings roughly ten very early stage companies to The Heritage Group for 13 weeks to help launch their sustainability businesses in areas such as green materials, infrastructure, environmental solutions and industrial systems.

It’s inspiring to see so many budding entrepreneurs applying their curiosity, talents and creativity to this space and the number of applicants grows exponentially each year.

Specific technologies capturing my attention include: sustainable aviation fuel, low carbon materials, water technology, and, of course, battery recycling.

There are also brand new technologies that we have never envisioned, which provide a glimpse into the future.

In 2030, The Heritage Group celebrates its centenary. What would you like to achieve by then and what legacy would you like to leave?

As a long term family-owned business, we’re building for generations, leaving people, planet and communities better than when we found them.

I’m fortunate to build upon what came before me at Heritage and to plant the seeds for what will come after, and that’s both a privilege and a responsibility.

Aspirationally, I would like to leave The Heritage Group in a place where it will be successful for the next 100 years, not just the next decade.

That means a focus on top talent. We aim to have a collection of world class businesses where smart, hardworking individuals can make a real difference. We are thinking carefully about the people side of our company because people are our greatest asset and hopefully a part of my legacy.

Who’s your sustainable hero and why?

It would be easy to say my grandfather and father; they had the foresight and courage to introduce sustainability concepts into The Heritage Group at a time when no one was talking about it and really laid the foundations for the businesses that we run today.

But honestly, my sustainable hero is my great-uncle Frank who was the steward of our sustainability journey in the early days, when the environmental industry was so much like the Wild West that we felt uncomfortable operating there.

All leaders have defining moments in their history where they can choose diverging paths and great-uncle Frank’s came soon after we had bought a fledgling environmental business. It was hindered by a series of challenges and leadership at the time was considering getting out and moving on.

But great-uncle Frank said “the world needs people like us in this business so we’re going to lean in, not lean out, and do the right thing, always.”

That really became the fabric and DNA of the business. We never stepped into this because of ESG regulatory pressures, financial returns or to jump on the next big macro trend. My forefathers did it because it was the right thing to do and that has served us at the heart of who we are today.