​Heron Capital is an Indianapolis-based private investment firm founded in 2006, specializing in acquiring and growing small to middle-market companies across North America. Focusing on sectors like precision manufacturing and healthcare, Heron partners with experienced management teams to build long-term value. Distinct from traditional private equity, the firm invests its own capital, allowing for flexible, long-term commitments without the constraints of conventional fund structures. Current portfolio companies include Arcamed, a manufacturer of surgical case-tray systems. Heron Capital is led by Managing Directors Greg Maurer and Kevin Etzkorn.