ParTech completed the acquisition of Stuzo for $190m.

ParTech, a global food service technology company and provider of unified commerce for enterprise restaurant brands, completed the acquisition of Stuzo, a digital engagement software provider to Convenience and Fuel Retailers, for $190m. “This is a monumental day for us at PAR – as we expand our business across the globe and enhance our product and service offerings for a wider range of the foodservice and fuel retail industry. Over the past five years, we have evolved our capabilities to include point-of-sale, loyalty, back-office, payment transaction services and digital ordering. The transactions announced today further our vision and help us to offer a more comprehensive set of best-in-class solutions for global brands. Importantly, the acquisition of Stuzo and TASK are expected to add over $80m of annual recurring revenue and over $20m of Adjusted EBITDA to our business, based on their trailing twelve-month actuals. Simply put, we expect to increase our ARR by well over 50% while adding meaningful cashflow and unlocking significant new markets that ensure faster future growth,” Savneet Singh, PAR Technology CEO.