Rohit Patel of Chicago has acquired a controlling interest in Heritage Cos. Inc. and plans to refocus the company, originally an executive search firm, on real estate development, according to Heritage.Carl Gessner, the newly appointed chief executive officer of the company, said the new strategy involves growth by acquisition of mature businesses in the hospitality, residential, and commercial real estate sectors. "We are poised and under contract for the close of two substantial real estate acquisitions in the next few weeks," Mr. Gessner said. As part of the restructuring, Thomas Heckman has resigned as president and CEO of Heritage, and Daniel J. Ryan has been named to assume the title of president, the company said.
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