PAR Technology Acquires TASK Group and Stuzo to Expand Unified Commerce Offerings
March 11, 2024
PAR Technology Corporation acquired Australia-based TASK Group for about $206 million and completed the acquisition of Philadelphia-based Stuzo for approximately $190 million (cash and stock). The deals broaden PAR's unified commerce platform globally and expand its presence in convenience and fuel retail, adding more than $80 million of ARR and over $20 million of adjusted EBITDA.
- Buyers
- PAR Technology Corporation
- Targets
- TASK Group Holdings Limited, Stuzo Holdings, LLC
- Sellers
- Shareholders of TASK Group Holdings Limited, Shareholders of Stuzo Holdings, LLC
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Buyout
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