Park Square Capital joins GI Partners in backing leading integrated software and payments platform to fuel next chapter of growth
Togetherwork, a leading provider of mission-critical, integrated software and payment solutions to groups and organizations, announced that Park Square Capital (“Park Square”) has made a significant minority investment in the company, joining GI Partners as investors. This investment will support Togetherwork in building its comprehensive group management, member engagement, and financial solutions that enable organizations across multiple verticals to grow revenue, streamline operations, increase efficiency, and build stronger communities.
“Togetherwork’s mission is to help the communities we serve thrive, prosper, and grow. Our comprehensive suite of integrated software and payments solutions enable this for our customers,” said Neil Platt, Chief Executive Officer of Togetherwork. “Growing membership and revenue, streamlining operations, enhancing communications, and simplifying payments are core to what we do and to the communities we serve. We have a great partnership with GI Partners and will continue to rely upon their guidance, and with the addition of Park Square, one of the world’s leading investors in high-quality companies for over two decades. We look forward to furthering our aspirations and enhancing our abilities as we begin the next leg of our journey.”
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Martino Ghezzi and Adam Kornbluh, Partners at Park Square, commented, “Togetherwork is the type of high-quality company which we like to partner with: it’s a defensible, market-leading software provider with a significant runway for continued growth. Its software solutions help various organizations address the challenges of efficiently operating a community and elevating its purpose. We are excited to partner with GI Partners and the Togetherwork team in supporting the future growth of the business.”
“Togetherwork has increased its revenue approximately fourfold since our original investment in 2018 and we are energized by the growth opportunities for the company to serve its customers with market leading technology,” said Travis Pearson and Sendil Rajendran, GI Partners’ Managing Directors. “We look forward to this new partnership with the Park Square team and are excited about the direction the Togetherwork leadership is taking the company.”
Kirkland & Ellis acted as legal advisor, and William Blair acted as financial advisor, to GI Partners and Togetherwork, and Fried Frank served as legal counsel to Park Square.
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