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The Heritage Group (THG) is a privately held company controlled by the Fehsenfeld family. The firm's CEO Fred Fehsenfeld passed away in 2018 at the age of 94. Fred Fehsenfeld grew the family's original company, Crystal Flash Petroleum, from 100 employees, operating gas stations and home heating oil sales in Indiana and Michigan. The firm was founded in 1930 and has over 5,000 employees globally in its portfolio companies, with about half of those working in Indiana. The company has various holdings in environmental services and remediation, specialty chemicals and fuel products, and construction and materials. THG has a stake in 31 companies, including Calumet Specialty Products, Heritage Environmental Services, Monument Chemical, Milestone Contractors and Asphalt Materials Inc. The firm makes investments in acquisitions, partnerships, internal expansion, and startups. THG's HG Ventures (see profile) specializes in early stage ventures.
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