Ventoux CCM Acquisition Corp. Completes Business Combination with Presto Automation Inc.
September 21, 2022
Presto Automation Inc. completed its previously announced business combination with special purpose acquisition company Ventoux CCM Acquisition Corp., and the combined company began trading on Nasdaq under the ticker PRST on September 22, 2022. The transaction included approximately $120 million of cash proceeds, including a strategic PIPE investment from Cleveland Avenue, LLC, to fund expansion and product development of Presto's voice, vision and touch labor automation platform for the hospitality industry.
- Buyers
- Ventoux CCM Acquisition Corp., Cleveland Avenue, LLC
- Targets
- Presto Automation Inc.
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
NewAlpha Acquires Majority Stake in Presto Engineering
December 12, 2018
Industrial Services
NewAlpha Asset Management has acquired a majority stake in Presto Engineering through its Growth Equity fund, investing alongside founder Michel Villemain and with minority participation from Adaxtra Capital and Bpifrance Investissement. The transaction (from sellers Seventure Partners and CM-CIC Capital Privé) will support Presto's international growth, expand its recurring services for the ASIC production value chain, and accelerate deployment into automotive, IoT and other industrial markets.
-
Thompson Street Capital Partners Portfolio Company PestCo Holdings Acquires Presto Pest Control
November 9, 2021
Environmental Services
Thompson Street Capital Partners’ portfolio company PestCo Holdings, LLC acquired the assets of Presto Pest Control, Inc., a Telford, Pennsylvania-based commercial pest control provider focused on the restaurant industry. The deal is PestCo’s first add-on as it pursues a consolidation strategy in the fragmented pest control market; terms were not disclosed.
-
CORA Group Acquires Volanté Systems
October 24, 2024
Cloud & SaaS
CORA Group has acquired Volanté Systems, a cloud-based POS and management software provider for the food service industry. Volanté will operate as a standalone brand with CEO Sunil Selby remaining in place as the company joins CORA's portfolio to expand its food-service SaaS capabilities.
-
Clubessential Acquires PrestoSports Inc.
September 27, 2017
Software
Clubessential acquired PrestoSports Inc., a provider of SaaS athletic content and event management software, expanding Clubessential's customer base by ~65% and launching a new Sports Division. The deal is an add-on to Clubessential (backed by Battery Ventures) that broadens its membership and club management offering with collegiate athletics website, stats, camp management and live event broadcasting capabilities.
-
PrePass Safety Alliance Acquires CVO Holding Company from Astatine Investment Partners
July 6, 2022
Transportation
PrePass Safety Alliance has acquired CVO Holding Company, LLC from funds managed by Astatine Investment Partners. The deal brings CVO's weigh-station bypass, electronic toll payment and safety-analytics capabilities into PrePass to strengthen service delivery for commercial carriers and government transportation partners across North America.
-
Vortex Companies Acquires Premier Pipe USA
August 23, 2024
Infrastructure
Vortex Companies has acquired Premier Pipe USA, a Troy, Ohio provider of cured‑in‑place pipe (CIPP) products and licensee support. The acquisition expands Vortex's trenchless infrastructure product portfolio and enhances support and product offerings for Premier Pipe's network of licensed installers.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.