Parties
Company
Volaris Group
Company
Squirrel Systems Inc.
On July 23, 2024, Volaris Group, an operating group of Constellation Software Inc., acquired Squirrel Systems Inc., a leading provider of point-of-sale (POS) solutions for the hospitality industry. The transaction value was not disclosed.
Squirrel Systems, with 40 years of experience, is renowned for revolutionizing the industry by introducing the first touchscreen restaurant POS system in 1984. The company continues to innovate, offering both on-premises and cloud-native solutions that serve independent restaurants, multi-unit chains, hotels, resorts, and casinos globally.
Advisors for Squirrel included Borden Ladner Gervais LLP and Akash Sahai. This acquisition allows Volaris Group to expand its footprint in the hospitality technology sector and support Squirrel’s mission to streamline operations and enhance guest experiences.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
23 July 2024