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365 Retail Markets Announces Majority Investment from Providence Equity Partners

Dec 24, 2020•over 4 years ago
TroySoftware

Description

365 Retail Markets ("365" or the "Company"), a leading provider of self-service commerce technology to the foodservice industry, today announced a majority investment from Providence Equity Partners ("Providence"), a premier private equity firm that specializes in the media, communications, education, software and services industries. Providence will partner with current investor McCarthy Capital and the Company's management team to seek to advance the unattended retail market industry, fuel product development and customer services, and continue to accelerate growth. 365's CEO and Founder, Joe Hessling, will continue to lead the Company and maintain a significant ownership stake.

Company Information

Company

365 Retail Markets

Location

Troy, Michigan, United States

About

365 Retail Markets is the global leader of self-service commerce technology to the foodservice industry. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators. including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the Company's technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, and more, in order to provide compelling foodservice options for consumers. 365's technology solutions include a growing suite of frictionless smart-stores, micromarkets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding.

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