Comvest Partners, based in West Palm Beach, FL, has acquired Engage2Excel (E2E), a provider of employee recognition, sales incentives, talent acquisition and consumer loyalty solutions and services, as well as its subsidiary, Hinda Incentives, a master fulfillment company based in Chicago.
According to a company statement, “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. The company was previously owned by Gridiron Partners, a Connecticut-based private equity firm.
In the company statement, Matt Gullen, Partner at Comvest, explains: “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,” says Phil Stewart, CEO of E2E in the statement. “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.”
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 says it has invested over $3 billion in over 160 companies. Today, it says its funds have over $3.1 billion of assets under management. For more information on the two companies go to: Engage2Excel.com and Comvest.com.