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Tech company Stuzo plans to woo Wawa after being sold for $190 million to a N.Y. firm

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Stuzo, a software firm whose platform powers transactions at convenience stores and gas stations, will become part of Par Technology.

Gunter Pfau built Philadelphia-based Stuzo into a power in the retail-software business. He recently sold the company for $190 million.“Next, we want Wawa!” said a laughing Gunter Pfau, founder of Stuzo Holdings LLC, a Center City-based software firm whose platform powers transactions at convenience store and gas station chains. On March 11, Pfau sold Stuzo to PAR Technology Corp. of New Hartford, N.Y., for $190 million in cash and stock.

“This is the third time I’ve sold this company,” Pfau said, noting he had taken on private-equity investors in 2010, then bought Stuzo back, before selling a controlling interest to Chicago-based Lakeshore Capital in 2021. Lakeshore agreed to sell its shares as part of the PAR Technology acquisition.

“Our goal at PAR has been to be the largest food service technology platform in the world,” PAR CEO Savneet Singh said in a statement.

 

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