M&A Deal Summary

PAR Technology Acquires Stuzo

On March 11, 2024, PAR Technology acquired internet software and services company Stuzo from Longshore Capital Partners for 190M USD

Acquisition Highlights
  • This is PAR Technology’s 1st transaction in the Internet Software and Services sector.
  • This is PAR Technology’s 3rd largest (disclosed) transaction.
  • This is PAR Technology’s 5th transaction in the United States.
  • This is PAR Technology’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-03-11
Target Stuzo
Sector Internet Software and Services
Buyer(s) PAR Technology
Sellers(s) Longshore Capital Partners
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Stuzo

Philadelphia, Pennsylvania, United States
Stuzo is a provider of loyalty and payments technology solutions for everyday spend retailers, primarily in the fuel and convenience store industries. Stuzo’s Open Commerce product suite consists of: Activate for Intelligent 1:1 Loyalty, Transact for Contactless Commerce, and Experience for Modern Digital Storefronts. Stuzo was founded in 2005 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

PAR Technology

New Hartford, New York, United States
Category Company
Founded 1968
Sector Software
Employees1,800
Revenue 416M USD (2023)
DESCRIPTION

PAR Technology is a provider of software technology services to restaurant and retail industry. PAR Technology was founded in 1968 and is based in New Hartford, New York.

DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Pennsylvania) 1 of 1
Country (United States) 5 of 5
Year (2024) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 Task

Mona Vale, Australia

Task is a food service transaction platform that offers international unified commerce solutions, including interactive customer engagement and seamless integration, tailored for major brands worldwide. Task is based in Mona Vale, Australia.

Buy $206M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 PAR Government Systems

Rome, New York, United States

PAR Government Systems delivers differentiated services and solutions in strategic mission areas, including the provision of real-time communications and mobile situational awareness to maintain battlespace dominance. The company's Integrated Tactical Solutions (ITS), Innovative and Commercial Solutions (ICS), and Intelligence and Readiness Operations (IRO) businesses have long-standing track records of innovation and development of technology-driven solutions for a range of government customers. PAR Government Systems was formed in 1985 and is based in Rome, New York.

Sell -

Seller(S) 1

SELLER

Longshore Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 210M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Longshore Capital Partners is a private investment firm focused principally on the services sector. The Firm targets control positions in profitable ($5 to $15 million of EBITDA) lower middle-market companies with up to $100 million in revenue and will consider opportunities throughout North America. Longshore prefers companies with growth and high levels of recurring revenue. Longshore Capital Partners was formed in 2020 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Blue Wheel

Birmingham, Michigan, United States

Blue Wheel is an omni-channel digital commerce agency with expertise across the e-commerce landscape. The company provides a full-suite of e-commerce solutions through its best-in-class, proprietary technology, companion, enabling clients to execute a consolidated e-commerce strategy from click to ship. Blue Wheel was founded in 2011 and is based in Birmingham, Michigan.

Buy -
Mergr

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