Baird's Investment Banking Group is pleased to announce the following transaction:

June 2021
Sale to Restaurant365
Technology & Services
Baird served as exclusive financial advisor to Compeat on this transaction

Compeat, a portfolio company of Serent Capital (“Serent”), was recently acquired by Restaurant365 (“R365”). Terms of the transaction have not been disclosed.

Compeat is a leading provider of feature-rich back office, workforce and business intelligence software solutions designed specifically for restaurants. Compeat’s solutions enable restaurants to maximize profitability and control costs through actionable business intelligence. Compeat serves over 1,600 restaurant customers across 16,000 locations ranging from high volume independents to large chains. Compeat was founded in 2000 and is based in Austin, Texas.

Serent is a leading lower-middle market private equity firm focused on investing in high growth service and technology businesses. Serent was founded in 2008 and is based in San Francisco, California and Austin, Texas.

R365 provides industry-leading accounting, inventory, scheduling, payroll and HR solutions developed specifically for restaurants. R365 simplifies day-to-day management for restaurant operators, allowing them to control food costs and optimize labor costs. R365 is partnered with several venture capital investors, including Bessemer Venture Partners, ICONIQ and Tiger Global Management. R365 was founded in 2011 and is based in Irvine, California.

For additional information about this transaction, please contact:

Chase Sanders +1-703-394-1807
Rhett Braunschweig +1-312-609-2548
John Moriarty +1-303-270-6325
John Hough +1-312-609-4957
Simon Pearson +44-20-7667-8409