Serent Capital has acquired Compeat Restaurant Management Systems, a provider of restaurant management software.
Compeat’s software products are used by restaurants for inventory management, workforce management, and accounting. The company serves approximately 3000 restaurant operators in the US and Europe. Compeat was founded in 2000 and is led by its founder and CEO, Harry Barkerding. The company is headquartered in Austin (www.compeat.com).
“We are delighted to have the opportunity to support the Compeat team in their remarkable ongoing growth. Compeat has built a strong team that delivers a compelling value proposition to their customers,” said Kevin Frick, co-founder and partner at Serent Capital.
Serent Capital invests from $10 million to $50 million in service businesses with revenues of $10 million to $100 million and EBITDAs up to $15 million. Transaction types include buyouts, recapitalizations and growth capital. Serent Capital is based in San Francisco (www.serentcapital.com).
Investment bank Ponterra Business Advisors advised Compeat and its shareholders on this transaction. Ponterra specializes in the specialty retail, foodservice, hospitality, and travel technology sectors. The firm is based in McLean, VA (www.ponterra.com).
“Serent’s investment gives Compeat access to a financial partner to accelerate the company’s growth and a strategic partner to help take the company to the next level,” said John Rovani, Managing Partner of Ponterra.
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-28-15
