BNI Receives Investment from Pamlico Capital
Strategic investment supports BNI’s continued success as it enters a new phase of growth
Pamlico Capital ("Pamlico") announced today that it has entered into an agreement to make a strategic investment in Business Network International (“BNI”), the world’s leading networking-based business development platform. Terms of the transaction were not disclosed.
With Pamlico’s strategic insight and resources, BNI will accelerate investment in support of its global network, providing additional technology and training to enhance both the member and franchisee experience. Pamlico is partnering with BNI at an exciting time. Following several years of strong growth, BNI and its dedicated franchisees have built the world’s leading referral marketing network, helping over 250,000 members across 70+ countries grow their businesses, develop professionally, and create lifelong relationships. BNI, and the success of its network, is built on the philosophy that Givers Gain®, whereby BNI members generate meaningful business opportunities for fellow members, and themselves in turn.
“BNI is very excited to partner with Pamlico Capital,” says Graham Weihmiller, Chairman and CEO of BNI. “From our extensive research, it is clear to us that Pamlico appreciates the importance of culture. And they very much support BNI’s Core Values and strategic roadmap. We could not be more excited about Pamlico and the road ahead for BNI."
Pamlico Partner Walker Simmons and Vice President Jay Henry will join the BNI Board of Directors and will work closely with the existing management team to continue to expand BNI’s member base, franchise support, and unparalleled value proposition.
“We are pleased to welcome BNI to the Pamlico family,” said Walker Simmons, Pamlico Partner. "BNI’s Givers Gain® philosophy really resonates with Pamlico and our own core values. Through our experience with peer-network business models, and our time spent with the BNI team, we believe that BNI is well positioned to accelerate growth, delivering even more benefit to its global network. Graham and his team have a deep appreciation for BNI’s history, values, and culture, paired with a healthy desire to innovate and leverage technology to build and deepen relationships and referrals across the network. We look forward to working with the team in their pursuits.”
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.