Albany, NY – Quickcharge (or “the Company”), a leading provider of dining and retail technologies, has been acquired by Transact, a portfolio company of Reverence Capital Partners. Hennepin Partners served as Quickcharge’s exclusive financial advisor and Troutman Pepper Hamilton Sanders LLP served as legal counsel.
Quickcharge is the leader in dining and retail technologies for the workplace, providing a comprehensive suite of offerings for cashless payment, point of sale, mobile ordering, and more. Operating as a division of M.M. Hayes Company, Inc., Quickcharge was initially released in 1998 and today proudly serves more than 1,100 client locations across healthcare, business and industry, education, and government. Quickcharge’s end-to-end solution delivers a consistent and convenient user experience across every point of service, with a forward-thinking ecosystem equipped to solve evolving customer needs in rapidly growing markets.
“Quickcharge’s proven history of providing seamless technology solutions for the healthcare, corporate, K-12, and government campuses perfectly complements Transact’s strategic vision,” explained David Hayes, CEO, Quickcharge. “We are poised to help Transact expand its footprint across a multitude of sectors, and step into a new chapter, where our combined strengths will bring unprecedented value to our clients and varied campuses to spur ongoing growth for Transact.”
“The acquisition of Quickcharge is a pivotal moment that enables Transact to cross-sell and scale complementary, purpose-built solutions to a wider variety of campus settings,” said Nancy Langer, CEO, Transact. “The union of our businesses enhances the value Dining Service Providers can offer and paves the way for collaboration and channel growth. Many of Transact’s higher-ed clients operate hospitals on campus. Aligning with Quickcharge’s complementary product offerings expands the Transact footprint and helps ensure that our solutions remain at the forefront of innovation in these unique environments.”
Regarding Hennepin Partners, the Hayes family added “Hennepin Partners was a terrific advisor for us. Our father started M.M. Hayes Company 52 years ago and Quickcharge was formed under that umbrella 25 years ago – so there was a lot of history and complexity in carving out Quickcharge. Hennepin put forth an incredible effort in helping us manage through this complexity, then articulated our business differentiation and value proposition to potential acquirers. In the end, they helped us achieve an outstanding result in our combination with Transact. We were thoroughly impressed by the entire Hennepin Partners team and would recommend them wholeheartedly to anyone.”