Toronto, Ontario, June 4, 2024 – CarltonOne Engagement, recognized as one of the top 50 most inspiring workplaces in North America, today announces it has received an investment from Goldman Sachs Asset Management.
This investment sets the stage to significantly accelerate CarltonOne as a cornerstone platform provider to the global engagement, loyalty, channel incentive and rewards marketplace.
For over 15 years, CarltonOne has been trusted by some of the world’s largest organizations and brands to create employee recognition, sales & channel incentive, customer loyalty and rewards programs. Operating in over 185 countries, CarltonOne programs inspire 14 million customers globally.
“This is the start of an exciting next chapter at CarltonOne,” says Rob Purdy, Founder and CEO. “I’d like to firstly thank every CarltonOne employee who has helped build our company to where it is today. Goldman Sachs Asset Management sees the incredible potential of both our people and our platform. They will help us double down on growth with their significant global network and resources.”
“As a leading player in the global rewards and recognition industry with a global footprint and strong reputation built over the past fifteen years, CarltonOne is well-positioned to capture the secular growth in engagement and incentive,” says Harsh Nanda, Managing Director and Head of Technology Private Equity within Goldman Sachs Asset Management. “We are thrilled to be partnering with an incredible team and work together to help propel the industry forward”.
Along with the launch of the new CarltonOne Engagement and Ecommerce platform, the company is poised to accelerate expansion into new markets, making it even easier for partners to create and scale engagement and ecommerce programs globally.
“The growth pathway for CarltonOne is clear: enhance our products, multiply our sales and marketing efforts and deepen our existing partner relationships.” says Rob Purdy.
Baird and Canaccord Genuity served as financial advisors to CarltonOne Engagement and Paul Hasting LLP served as legal counsel. Simpson Thacher & Bartlett LLP served as legal counsel to Goldman Sachs Asset Management.
About Private Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over $2.8 trillion in assets under supervision globally as of March 31, 2023.
Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios. Follow us on LinkedIn.
Media Contacts:
For Goldman Sachs
Joseph Stein
+44 0207 774 4080