Notable M&A Activity Bolsters Confidence Among Buyers & Sellers
In addition to the amount of capital raised that will drive consolidation in the sector, notable acquisitions in 2024 have created a boost of confidence for buyers and sellers for the second half of 2025 and into 2026. The restaurant technology sector continues to attract strategic and private equity investment. These transactions represent various types of participants in the market, from large public companies to smaller private companies, as they continue to make strategic acquisitions to further build out end-to-end solutions.
In January 2025, PAR Technology (NYSE: PAR) announced it was expanding its restaurant analytics and back-office capabilities with the acquisition of Delaget, a provider of restaurant data and analytic solutions. This transaction comes on the heels of PAR Technology’s other transactions last year. In July, it acquired Australian company Task Group for $206 million, while in March of 2024 PAR acquired the convenience store-focused digital engagement software company Stuzo for $190 million.
Shift4 acquired Revel Systems in May 2024 for $250 million and went on to acquire POS solution provider Vectron Systems in June, and Givex in August.
PAR Technology and Shift 4 are the latest examples of public companies acquiring multiple assets in space to further bolster their platforms with new capabilities. Another major player in the industry that is expanding its presence across the restaurant and hospitality ecosystem is British multi-vertical market software company The Access Group.
In November 2024 the Access Group acquired Paytronix Systems, a restaurant customer engagement and payments software provider owned by Great Hill Partners. Prior to the acquisition of Paytronix, the Access Group was already working to increase its’ North American footprint with the acquisition of hospitality digital order and pay specialist QikServe in September and global hotel and casino technology specialist SHR Group in June.
Building on the wave of hospitality technology acquisitions, it’s worth noting that the Access Group further strengthened their capabilities in both the restaurant and the broader hospitality ecosystems with the acquisitions of Guestline, a hotel distribution and operations platform provider, and ResDiary, a provider of bookings and table management software, in 2023.
