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| [December 12, 2017] |
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Petsky Prunier Advises Carlton on its Strategic Investment from H.I.G. Growth Partners
Petsky
Prunier is pleased to announce it has advised Carlton Group, a
rapidly growing global technology company specializing in the
development of SaaS (News - Alert)-based solutions for global engagement, sales
incentive, loyalty and reward management via its two operating
companies, Power2Motivate (P2M) and Global Reward Solutions (GRS), on
its strategic growth investment from H.I.G. Growth Partners, the
dedicated growth capital investment affiliate of H.I.G. Capital (H.I.G.).
Toronto-based Carlton 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 more than 600 suppliers across more than 180 countries and
territories.
Carlton Group will be rebranding under the name "Carlton One
Engagement," as it prepares to launch several new growth iitiatives.
The investment from H.I.G. will support both technology development and
new service releases, as well as the expansion of the company's Global
Partnership Network along with several strategic acquisitions. The
company will also introduce "Global Benefits" for Global Reward
Solutions, which will combine seamlessly into clients' existing
platforms. Power2Motivate will release a Global Wellness module that
also connects with wearable technology, enabling members to track their
success instantly while empowering employers to recognize and reward
their members' hard work.
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. H.I.G. is the
largest private equity investor in the U.S. and Europe focused on the
lower end of the middle market and has invested in and managed more than
200 investments worldwide, with combined sales in excess of $30 billion.
"Petsky Prunier delivered sound, strategic advice throughout each step
of the process. They were a highly trusted partner that truly understood
the Carlton story, and knew how to highlight it successfully to the
market, ultimately leading to a great partnership with H.I.G. Growth
Partners."
Rob Purdy, CEO, Carlton Group
About Petsky Prunier LLC
Petsky Prunier is one of the leading investment banks to the technology,
media, marketing, information, eCommerce, and healthcare industries. Our
firm's merger and acquisition and private placement advisory services
reflect a unique blend of product specialization and industry expertise.
Together with strategic consulting firm Winterberry Group, a Petsky
Prunier company, our organization represents one of the largest
industry-specific advisors providing strategic and transactional
services. We offer global reach supplemented through our partnerships in
China and India. Securities transactions are processed through Petsky
Prunier Securities LLC, a member of FINRA, and an affiliated entity. For
more information, visit www.petskyprunier.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171212006130/en/
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