GoHunt sold to equity group

[HONEYBADGER]

Fyi

GOHUNT Acquired by Brandt Information Services

GOHUNT has been acquired by Brandt Information Services, a portfolio company of Providence Equity Partners.

www.hydeparkcapital.com

 

[TheTone]

So a company that runs many states license systems buys a company that among its services is draw applications, odds, etc. Ugh that’s a bit odd

 

[cgasner1]

Been debating on dropping it anyway since they came out with a premium membership that costs more and won’t quit with the pop ups about it

 

[daltrix99]

Hey good for the founders and early employees who (presumably) had equity. However, I’m somewhat surprised, because Lorenzo definitely didn’t need the cash. But can’t say I’d have done differently if I were him, easy to judge scenarios like this.

All that said, this is hardly ever good for the consumer.

 

[TheTone]

Will gohunt members just somehow happen to start drawing more tags where brandt runs the licensing?

 

[brymoore]

I’m not surprised at all. We all can be bought.

 

[Hunt&FishCO]

Good for GoHunt; great company & products. Its Capitalism

 

[TN2shot07]

First, to be honest, I’ll say that I hate private equity. It seems to be the American dream right now though…. This probably worked out great for the legacy employees so congrats to them!

A lot of times the first time this happens the equity partners actually invest a ton of money into the business for growth. So don’t be surprised if products and services actually improve over the next couple of years. It’s once they decide to sell and future investors that usually bring about the squeezing for profit we’re more familiar with.

 

[kingsleykevinkk9]

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