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  6. Toast Acquires Sling

M&A Deal Summary

Toast Acquires Sling

On July 7, 2022, Toast acquired internet software and services company Sling

Acquisition Highlights
  • This is Toast’s 1st transaction in the Internet Software and Services sector.
  • This is Toast’s 3rd transaction in the United States.
  • This is Toast’s 2nd transaction in New York.

M&A Deal Summary
Date 2022-07-07
Target Sling
Sector Internet Software and Services
Buyer(s) Toast
Deal Type Add-on Acquisition

Target

Sling

Brooklyn, New York, United States
Sling is an employee scheduling, communication, and management solution. Through features including scheduling templates, in-app messaging, and multi-location team management, the company helps restaurant staff more efficiently and better manage labor costs, and helps increase employee job satisfaction. Sling was formed in 2015 and is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

Toast

Boston, Massachusetts, United States
Category Company
Founded 2012
Sector Internet Software and Services
Employees5,700
Revenue 5.0B USD (2024)
DESCRIPTION

Toast is a restaurant management platform. Toast powers successful restaurants of all sizes with a technology platform that combines restaurant POS, front of house, back of house and guest-facing technology with a diverse marketplace of third-party applications. Toast was founded in 2012 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 xtraCHEF

New York, New York, United States

xtraCHEF is a suite of back-office tools for restaurants, including accounts payable automation and inventory management. xtraCHEF arms operators to take control of rising inventory costs, automate accounts payable, and streamline back-office tasks to increase overall profitability. xtraCHEF was founded in 2015 and is based in New York City.

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