STCR Completes Partnership with SIR Solutions

Mangrove is excited to announce that its portfolio company STCR has partnered with SIR Solutions, a Montreal, Canada-based provider of retail point-of-sale (POS) and back-office technology solutions for grocers. SIR Solutions is a highly complementary add-on acquisition to STCR, more than doubling the size of its organization, expanding its geographic presence and adding significant technical capabilities.

SIR Solutions has an excellent reputation in the retail technology industry, providing turnkey solutions that help the largest grocers in Canada streamline their operations, increase efficiencies and enhance their customer experience. SIR’s comprehensive suite of products and services includes POS hardware, software, professional services, maintenance contracts, and help desk support.

STCR and Mangrove are a strong fit for SIR due to our alignment of core values across all organizations, including a strong focus on serving customers, developing best-in-class solutions, and taking care of employees; commitment to supporting SIR’s team and preserving the winning culture; dedication to facilitating a smooth transition of leadership; willingness to continue investing in key infrastructure; and ability to work through the complexity associated with a cross-border acquisition.

About Mangrove Equity Partners: Mangrove Equity Partners strives to deliver uncommon value to those we partner and work with. For more information, please visit www.mangroveequity.com.