Incentive Solutions Announces Investment by CapStreet Group
Outside interest in the motivation industry continues with Incentive Solutions recently completing a majority recapitalization in partnership with The CapStreet Group, a private equity firm based in Houston, TX. A press release on the transaction said that Mark Herbert will assume the role of President and CEO of Incentive Solutions in connection with the investment. Herbert succeeds Steve Damerow, who led the company as Chief Executive Officer since its founding in 1994. “We are truly excited to join forces with The CapStreet Group, which shares our commitment to technological advances, customer service, and a company culture that inspires performance,” says Herbert. “CapStreet’s resources and experience will be invaluable in helping us accelerate our growth and expand opportunities for our entire team.” Founded in 1994 and based in Atlanta, GA, Incentive Solutions offers online rewards, travel incentives and gift card rewards. Incentive Solutions is the seventh investment for CapStreet IV, LP, which has $340 million of committed capital. For more information, visit www.incentivesolutions.com
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