Ropes & Gray Advises Toast in Acquiring Delphi Display Systems to Extend Restaurant Technology Platform to Drive-Thru Service
Ropes & Gray represented Toast, a cloud-based, all-in-one digital technology platform built for restaurants, in the acquisition of Delphi Display Systems, a leading provider of digital display solutions and drive-thru technology for quick-service restaurants. The transaction was announced on February 16. Financial terms were not disclosed.
The acquisition will enhance Toast’s quick-service and enterprise restaurant capabilities at fast casual eateries in the U.S. to improve speed of service, facilitate faster workflows for ordering and the kitchen, increase efficiency and add additional revenue opportunities.
The Ropes & Gray team was led by mergers & acquisitions counsel Matt Byron and mergers & acquisitions associate Jordan Kiellach, and included employment & benefits partner Jen Cormier and tax partner Pamela Glazier.