Longshore Capital Exits Stuzo

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Longshore Capital Partners (“Longshore”) is pleased to announce the sale of its portfolio company, Stuzo (the “Company”), to PAR Technology Corporation (NYSE:PAR) (“PAR”), a global foodservice technology company and provider of unified commerce for enterprise restaurant brands. Stuzo, headquartered in Philadelphia, PA, is a loyalty and digital engagement software provider to Fuel and Convenience Retailers (C-Stores). Stuzo, including its Open Commerce® Platform, empowers C-Stores to gain more share of the customer wallet and drive customer lifetime value.

Stuzo’s Founder & CEO, Gunter Pfau, commented, “We chose to partner with Longshore because of fit and a shared vision of value creation.  During the partnership, they continuously proved their commitment to work as an extension of our team to help Stuzo succeed. I am very proud of what Stuzo has become and am excited about the next chapter of growth as a part of PAR.”

With Longshore’s partnership, Stuzo accelerated topline growth, enhanced profitability, and developed multiple new software products. Ryan Anthony, Partner at Longshore, commented, “Over the past three years, the Stuzo team was able to drive an impressive amount of growth by focusing on developing software products that drove measurable outcomes for customers. The Company has transformed into a leader in its space, and it was extremely rewarding to work with management along the way.”

Winston & Strawn LLP provided legal advice to the sellers in connection with the transaction and Raymond James served as financial advisor.

If you have questions regarding this transaction or would like to discuss other business services-related opportunities, please contact Ryan Anthony or Nick Christopher of Longshore at (312) 237-3838.

About Longshore Capital Partners
Longshore Capital Partners is a middle-market private equity manager investing out of its inaugural $210 million fund. Longshore acquires control positions in services businesses in North America with $5 to $15 million of EBITDA. The firm has extensive experience partnering with founders and management teams in the lower middle-market and executes a systematic approach to creating shareholder value through a cooperative strategic plan.

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