Worldpay, Inc.has announced they have agreed to extend its exclusive relationship with CRS Texas for four years.
The two companies, which have maintained a highly successful partnership over the past 10 years, are invested in continuing to strengthen their relationship and expand their reach.
Founded in 1972 and headquartered in Houston, Texas, CRS is a technology-enabled provider of comprehensive point-of-sale (“POS”) solutions to established single and multi-unit operators in the restaurant, retail, and other hospitality end markets. CRS delivers its highly customized front-of-the-house technology solutions through a recurring service and solutions model for merchants who have complex service needs.
Recently, The CapStreet Group, a private equity firm based in Houston, took a majority interest in CRS Texas with the express goal of growing the business both organically and through acquisition.
Adrian Guerra, a Principal with CapStreet, added, “CRS has built a highly recurring business focused on customer service and we look forward to pursuing new organic growth initiatives and continuing CRS’s successful acquisition strategy.”
Building on what is already a powerful and vital foundation, the continued, exclusive partnership between Worldpay and CRS Texas will bring the winning hardware and software solutions to more merchant locations, ultimately enabling seamless purchases for consumers and steady growth for merchants.
“We’re excited to continue to partner with CRS Texas in the next stage of their growth and, with The CapStreet Group’s interest and investment in CRS Texas, we see great things in the future,” said Matt Downs, Head of Integrated Payments Channel Partnerships at Worldpay. “We believe that combining CRS Texas’s innovative service and sales model with Worldpay’s superior payment process products ensures winning outcomes for both parties.”
CRS Texas CEO Brian Smith added, “Worldpay has been a great partner to do business with over the years because they’re flexible, they understand my business needs and scope. As my business grows rapidly, Worldpay’s multitude of integrations, cutting-edge technology and dedicated service and support, positions us well to meet the goals of our clients.”