Announced
Completed
Financials
Tags
Natural
management solutions
United States
Management Consulting
Private
restaurant and hospitality
Acquisition
Completed
Private Equity
Single Bidder
Synopsis
Marlin Equity Partners, a global investment firm, has completed its acquisition of HotSchedules and Fourth, two leading providers of workforce, inventory and operations management solutions to the global restaurant and hospitality industry. Financial terms were not disclosed. Marlin has merged the two companies to create the industry’s most comprehensive back-of-house software-as-a-service (SaaS) suite delivering a fully integrated inventory management, workforce management, payroll and intelligent cost-control operations platform. “We are excited to bring together two highly complementary industry leaders to create a global, end-to-end human capital management and operations platform focused on the hospitality sector. Our investment underscores our commitment to the hospitality management solutions market and the value that these institutions provide for their customers.” Doug Bayerd, Marlin principal.
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