Announced
Completed
Financials
Sources
Tags
managing tools for retail stores
Single Bidder
Completed
Private Equity
Payments / Commerce
Friendly
Cross Border
Canada
Minority
Private
Acquisition
Synopsis
Accel-KKR, a technology-focused private equity firm specialized in growth and middle market investments completed a minority investment in StoreForce, a SaaS platform that provides a suite of scheduling, timekeeping, performance management, and execution tools. Financial terms were not disclosed. "By delivering up to 15% in sales lift within weeks of engagement, StoreForce has been able to partner with the best specialty retailers in the world and achieve rapid global organic growth. Accel-KKR brings both the capability to make strategic investments and a proven track record of 'know-how' to accelerate the next leg of our journey. As we continue to prioritize our customers' success, StoreForce is well-positioned to deliver continued innovations for our clients around the world," Dave Loat, StoreForce CEO and Co-Founder.
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