BOSTON--(BUSINESS WIRE)--H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm, is pleased to announce that it has completed a strategic investment in Carlton One Engagement, a rapidly growing global technology company specializing in the development of SaaS based solutions for global engagement, sales incentive, loyalty and reward management. The Company’s two business segments include Power2Motivate (P2M), a SaaS enterprise engagement software for motivating, measuring, and rewarding desired behavior, and Global Reward Solutions (GRS), a global reward platform with over 600 suppliers across more than 180 countries and territories.
“We are very excited to partner with H.I.G., whose domain expertise, extensive global resource base and international footprint will help Carlton Group continue to build on our tremendous momentum in delivering market leading engagement solutions,” said Carlton’s founder and CEO Rob Purdy.
Nik Shah, Managing Director at H.I.G., commented, “Rob and the entire team at Carlton have built an impressive SaaS engagement technology business and highly differentiated global rewards platform that delivers substantial value to partners and blue chip customers on a truly global basis. We look forward to partnering with Carlton as they continue to bring innovative solutions to market.”
Petsky Prunier LLC acted as exclusive financial advisor to Carlton in the transaction.
About Carlton One Engagement
Carlton, headquartered in Toronto, is a leading provider of a suite of engagement and reward technology solutions encompassing a global end-to-end platform that power employee recognition, sales and channel incentive, and customer loyalty programs for a blue-chip customer base. The Company’s two business segments include Power2Motivate (P2M), SaaS enterprise engagement software for motivating, measuring, and rewarding desired behavior, and Global Reward Solutions (GRS), a global reward platform with over 600 suppliers across more than 180 countries and territories. For more information, visit www.carlton.ca/
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $24 billion of equity capital under management.* We seek to make both majority and minority investments in strong, growth oriented businesses located throughout North America, South America and Europe. We consider investments across all industries, but focus on certain high-growth sectors where H.I.G. has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth Partners strives to work closely with our management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.