ENDWELL, NY – STCR Business Systems, Inc. (“STCR” or the “Company”), which recently celebrated its 55th anniversary, is pleased to announce the recent investment from Mangrove Equity Partners, a Tampa, FL-based lower middle market private equity firm. The partnership with Mangrove will help accelerate the Company’s growth as it continues to expand its footprint and broaden its retail point-of-sale product and service offering.
STCR has supported many of its grocery customers for several decades, including increased support and services during the COVID-19 pandemic when grocers proved their critically important role as essential businesses. STCR’s hardware, software and services enable its customers to evolve and enhance the consumer shopping experience, operate their businesses efficiently and remain competitive in challenging market conditions. STCR is a key partner to its customers, providing 24/7 support services to help ensure maximum uptime of mission-critical equipment and software.
“We have been planning for this partnership and next chapter and look forward to continuing our growth at STCR. Our entire team remains committed to servicing our existing customers, creating new relationships, and helping those in the grocery industry embrace new technologies to improve their business and operations,” said Brian Tuberman, President of STCR.”
Farrell McKenna, Vice President of Operations of STCR, added, “This is an exciting time in our industry and we are continuing to focus on providing best-in-class solutions for our customers. With our new partnership with Mangrove, we are accelerating our investment in our team and our infrastructure, and are dedicated in our mission to serve our customers incredibly well. We look forward to continuing on our growth path and being a leader in retail technology.”
STCR’s premier service is driven by its decades of experience working with point-of-sale hardware and software technologies and its deep understanding of grocers’ operations and needs. STCR understands and supports complex systems and is capable of managing large-scale implementation projects for traditional POS systems, self-checkout systems and enterprise software solutions. STCR maintains strong partnerships with key technology partners, Toshiba and LOC, and serves customers across North America and the Caribbean.
Prosperity Plus, a consulting practice and M&A intermediary specializing in the point-of-sale systems industry, served as an advisor to STCR throughout the transaction. Prosperity Plus’ founder, Jim Kahrs, can be reached at firstname.lastname@example.org.
Brian Tuberman, President
STCR Business Systems, Inc.
10 Prospect St., Endwell, NY 13760