Cross-Practice Team Represents Toast, Inc. in its Acquisition of StratEx
A Ropes & Gray team represented Toast, Inc., the fastest growing restaurant management platform in the U.S., in its acquisition of StratEx, a leading provider of HR and payroll software for restaurants. StratEx’s HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits, and labor law compliance. Terms of the transaction were not disclosed. A press release is available here.
As a result of the acquisition, the former StratEx product is now part of Toast Payroll & Team Management, an all-in-one HR solution built specifically for the restaurant industry.
The Ropes & Gray team advising Toast was led by private equity partner Bill Mone and private equity associate Joe DeMedeiros (both of Boston), tax partners Amanda Holt and Aaron Harsh (both of Boston), benefits partner Loretta Richard and strategic transactions partner Ed Black (Boston).