Investment in Strategic Growth Secured from Pamlico Capital at goHappy
goHappy, a leading provider of employee engagement tools, has announced a significant growth investment from Pamlico Capital, a private equity firm. This investment will enable goHappy to expand its reach and further its mission of fostering a connected workforce, particularly among frontline workers.
As part of this investment, Pamlico Capital will work closely with goHappy's CEO, Shawn Boyer, and the rest of the team to scale their employee engagement platform. The investment will be used to enhance employer engagement with frontline teams, deepen partnerships within retail sectors, and develop innovative solutions to address the historically underserved challenge of reaching and engaging frontline employees.
Pamlico Capital's Partner, Christiane Felts, expressed her excitement about the partnership, stating, "We are thrilled to support goHappy in their mission to serve more employers and their frontline employees. goHappy's tools are delivering measurable value to organizations, and we look forward to working closely with Shawn and the team to drive growth and innovation."
goHappy's platform streamlines employee engagement and provides analytics, serving over one million employees across various industries including food service, hospitality, healthcare, manufacturing, and retail. Some of their recent products include the Engagement Hub, Rewards & Recognition, Referrals, and Workforce Analytics.
The legal advisors for this transaction were Goodwin Proctor, representing goHappy, and Alston & Bird, representing Pamlico Capital. Vista Point Advisors acted as the exclusive financial advisor to goHappy.
Growth Street Partners, an initial investor in goHappy, will retain a significant stake in the company following this investment. Pamlico Capital is committed to helping goHappy continue to serve more employers and their frontline employees, leveraging their app-free, inclusive technology to simplify communication and boost operational excellence.
With this investment, goHappy is poised to make a significant impact in the employee engagement sector, particularly in the convenience store sector where they are partnering with retailers like Weigel’s to enhance employee engagement solutions. As they continue to grow, goHappy remains dedicated to addressing the challenges of reaching and engaging frontline employees, providing tools that deliver real value to organizations and fostering a more connected workforce.
Pamlico Capital, having invested in goHappy's business, will now utilize their expertise in finance and technology to bolster the growth of goHappy's employee engagement platform. This investment will be instrumental in developing innovative solutions for reaching and engaging frontline employees across various industries, such as retail, and improving communication within these sectors.
