Gridiron Capital has sold Engage2Excel to Comvest Partners

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Gridiron Capital, LLC (“Gridiron”) has sold Engage2Excel, Inc. (“E2E” or the “Company”) to Comvest Partners (“Comvest”). The terms of the transaction were not disclosed.

E2E is 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.

Gridiron originally invested in E2E in 2010 and built on the Company’s 125-year operating history and engagement legacy. Under Gridiron’s stewardship, E2E completed transformative add-on acquisitions, augmented its management team and sales force, introduced numerous new solutions, expanded its intellectual property portfolio and diversified its customer base. The Company is poised for continued growth under Comvest’s ownership.

Owen Tharrington, Managing Director at Gridiron and Board Member of E2E, commented, “Lincoln was a true strategic advisor to Gridiron and the other shareholders through the entire process. Their thoughtful insights into the global market and specific buyer behavior of potential acquirers was invaluable in helping drive a successful outcome.”

Phil Stewart, CEO of E2E, added, “Lincoln’s unique insights into our business model and the key market themes driving growth for the Company allowed us to share our story in a highly compelling manner. Lincoln demonstrated a deep understanding of E2E’s value proposition and did an excellent job articulating our transformational story. We are eager to work with our new partner, Comvest, who is well positioned to support the next phase of growth for the Company.”

Lincoln acted as the lead investment banking advisor for Gridiron and E2E, working closely with the Company’s management team and shareholders throughout the sale process. Lincoln provided advisory expertise, managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Gridiron Capital has sold Engage2Excel to Comvest Partners
  • 2018
    Close Year
  • Business Services
    Industry
  • Private Equity
    Client Type
  • Financial | Domestic
    Transaction Type
  • USA
    Countries

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