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365 Retail Markets has completed its acquisition of Cantaloupe, a global provider of end-to-end self-service commerce technology, following the deal’s initial announcement in June last year.
The combined business will operate under the 365 Retail Markets brand and unites Cantaloupe’s payments infrastructure, telemetry systems and global device network with 365’s self-checkout, smart store and software platforms.
The integration is designed to broaden the company’s reach beyond traditional vending and food service operations into additional environments including hospitality, sports and entertainment venues, transit hubs, corporate campuses and industrial sites.
365 Retail Markets is a portfolio company of Providence Equity Partners, a private equity firm focused on growth-oriented media, communications and education businesses across North America and Europe.
Joe Hessling, founder and chief executive of 365 Retail Markets, said the deal would significantly expand the company’s customer base and product offering. He highlighted the onboarding of nearly 40,000 new customers through the acquisition and said the combined platform would strengthen the company’s position in a retail sector increasingly shaped by automation and connected consumer experiences.
Jeffrey Dumbrell, chief revenue officer at Cantaloupe, said the integration would help customers “maximise the value and reach” of available technology solutions. He pointed to rising demand for micro-retail in non-traditional settings such as hospitality and warehousing, adding that the combined capabilities would enable more flexible and tailored retail experiences delivered closer to consumers.
Providence Equity Partners said the transaction reflects growing demand for data-driven, automated retail models across a wider range of locations. The firm said the merger expands opportunities for scale, diversification and enhanced service delivery across geographies and sectors.
Scott Marimow, managing director at Providence, highlighted that unattended retail is increasingly present in locations ranging from airports to corporate and industrial sites, adding that the combination of the two companies creates stronger potential for growth and operational reach.
Joshua Selip, also a managing director at Providence, stated that the sector continues to evolve toward more customised solutions across different customer environments, and that the combined business is positioned to support that shift.
The companies said the global unattended retail market, valued at around $86 billion, continues to grow as operators invest in automated, connected systems aimed at improving efficiency and consumer convenience.
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