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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