Toast’s Acquisition of StratEx

Ropes & Gray team represented Toast, Inc. in the transaction.

Toast, Inc. is the fastest growing restaurant management platform in the U.S.

StratEx is 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.

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 (Picture) and private equity associate Joe DeMedeiros (both of Boston), tax partners Amanda Holt and Aaron Harsh (both of Boston), benefits partners Loretta Richard and Adam Stella (both of Boston) and strategic transactions partner Ed Black (Boston).

Involved fees earner: Edward Black – Ropes & Gray; Jose DeMedeiros – Ropes & Gray; Aaron Harsh – Ropes & Gray; Amanda Holt – Ropes & Gray; William Mone – Ropes & Gray; Loretta Richard – Ropes & Gray; Adam Stella – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Toast, Inc.;

Author: Ambrogio Visconti