Corsair Acquires HungerRush from The CapStreet Group

June 3, 2022

Willkie advised The CapStreet Group and its portfolio company HungerRush on the transaction.

On June 1, private equity firm Corsair Capital LLC announced its acquisition of a majority stake in HungerRush, a leading cloud-based software provider for the restaurant industry, from The CapStreet Group.

HungerRush has been driving the transition from the point-of-sale (POS) terminal of the past to the integrated cloud POS system of the future. HungerRush 360, its flagship system, is an all-in-one cloud POS system with integrated software, payments, and digital ordering capabilities primarily serving multi-site quick service restaurants and fast casual operators.

CapStreet will continue as a minority investor in HungerRush following Corsair’s acquisition.

Willkie previously advised HungerRush on its acquisitions of Menufy, an online food ordering platform, and OrdrAI, a leading text and voice ordering provider for the restaurant industry.

Founded in 1990, CapStreet invests in lower middle market software, tech-enabled services and industrial business services companies.

Corsair is a global specialist investment firm offering opportunities for investors and solutions for companies across financial & business services and infrastructure.

The Willkie team was led by partner William Gump and included partners Mark Holdsworth and Robert Jacobson, counsel Jill Grant, and associates Aaron Savella, Brandon Schumacher and Tyler Kuhn.