NexTech Solutions, LLC signed a definitive agreement to acquire Rome Research Corporation from PAR Technology Corporation (NYSE:PAR) for $7 million on June 10, 2024. A cash consideration of $7 million will be paid by NexTech Solutions, LLC, before customary post-closing adjustments based on RRC?s indebtedness, working capital, cash, and transaction expenses, at closing. The transaction is expected to close in the second quarter of 2024.

Robert W. Baird & Co. Incorporated acted as a financial advisor and Gibson, Dunn & Crutcher LLP as a legal advisor to PAR Technology Corporation. In a related transaction, Booz Allen Hamilton Inc. (NYSE: BAH) acquired Government Systems Corporation from PAR Technology Corporation (NYSE:PAR) for $95 million.