Blackstone to acquire a majority stake in M3.

Blackstone, a private equity firm, agreed to acquire a majority stake in M3, a hospitality accounting software developer. Financial terms were not disclosed. “Blackstone’s background in hospitality made them the natural choice as our first equity partner. Together, we look forward to propelling our innovation and growth to best serve our customers in an era of continued technological advancement," John McKibbon, M3 Founder.