Comvest Partners has acquired Statesville, North Carolina-based Engage2Excel, a provider of employee recognition, sales incentives, talent acquisition and consumer loyalty solutions and services. No financial terms were disclosed. Lincoln International, Robert W. Baird and Moore & Van Allen advised E2E while Raymond James and McDermott Will & Emery advised Comvest. UPDATE: The seller was Gridiron Capital LLC.
West Palm Beach, FL, March 8th, 2018 – Comvest Partners (“Comvest”) today announced the acquisition of Engage2Excel (“E2E”), a leading provider of employee recognition, sales incentives, talent acquisition and consumer loyalty solutions and services. Headquartered in Statesville, North Carolina, E2E’s solutions focus on attracting, retaining, and engaging both employees and customers to increase productivity and profitability. E2E maintains relationships across a diversified client base ranging from Fortune 100 companies to small and medium-sized businesses.
“We are excited to partner with E2E and work with management to continue to grow and build upon the Company’s strong position and momentum as a leader in the employee engagement space,” said Matt Gullen, Partner at Comvest. “E2E provides its customers with high quality services to maximize employee satisfaction, retention and productivity, and we believe the industry will continue to experience strong tailwinds as organizations increasingly emphasize and expand their programs to attract, retain and develop talent.”
“We look forward to partnering with Comvest,” said Phil Stewart, CEO of E2E. “I am proud of the success we have had in building E2E into a market leader. I believe that Comvest’s experience growing technology-enabled businesses and vision for E2E make them the ideal partner as we enter our next phase of growth.”
E2E was advised by Lincoln International, Robert W. Baird, and Moore & Van Allen. Comvest was advised by Raymond James and McDermott Will & Emery.
About Engage2Excel, Inc.
Engage2Excel, Inc. provides industry-leading employee engagement and productivity solutions throughout the talent lifecycle. Enage2Excel helps organizations across all industries – from Fortune 100 corporations to entrepreneurial firms – target, budget and prioritize recognition programs to drive bottom-line results. Headquartered in Statesville, N.C., Engage2Excel has a long history of pioneering solutions dating back to 1892. For more information, please visit https://www.engage2excel.com/
About Comvest Partners
Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across North America. Since its founding in 2000, Comvest has invested over $3.0 billion in over 160 companies. Today, Comvest’s funds have over $3.1 billion of assets under management. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit https://www.comvest.com