Goldman Sachs Asset Management Acquires CarltonOne from H.I.G. Growth Partners
June 6, 2024
Goldman Sachs Asset Management has acquired CarltonOne Engagement (CarltonOne), a Markham, Ontario–based SaaS engagement and e-commerce platform for employee recognition, customer loyalty, rewards and sales/channel incentive programs. The sale represents H.I.G. Growth Partners' exit after investing in CarltonOne in 2017 and helping the company scale—during H.I.G.'s ownership CarltonOne grew revenues ~4x and increased EBITDA over 6x.
- Buyers
- Goldman Sachs Asset Management
- Targets
- CarltonOne Engagement
- Sellers
- H.I.G. Growth Partners
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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