365 Retail Markets completes $848 million Cantaloupe acquisition

365 Retail Markets has completed its acquisition of Cantaloupe, bringing together two major providers in self-service and unattended retail technology.

The deal, first announced in June 2025, closed as an all-cash transaction valued Cantaloupe at about $848 million, with Cantaloupe shareholders receiving $11.20 per share. Following the close, Cantaloupe became a wholly owned, indirect subsidiary of 365 Retail Markets and is no longer publicly traded.

365 said the combined business will operate under the 365 Retail Markets name, pairing Cantaloupe’s payments, telemetry and device network with 365’s self-checkout, smart store and software systems. The company said the combination is intended to expand coverage from traditional vending and foodservice operations into additional settings such as hospitality, entertainment venues and transit hubs.

The deal closed after the companies agreed to divest Cantaloupe’s Three Square Market business. Seaga Manufacturing Inc. acquired Three Square Market in a deal announced May 11 by private equity firm Dominus Capital, L.P., which owns Seaga. The acquisition is expected to strengthen Seaga’s micro market capabilities and expand its unattended retail ecosystem, which includes vending and intelligent inventory control solutions.

The Federal Trade Commission ordered the divestiture to address competitive concerns in micro market kiosks and related software and services. The consent order addressed FTC charges that 365 Retail’s acquisition of Cantaloupe would eliminate head-to-head competition, drive up prices for micro market kiosks and related software and services, and reduce product and service quality. 

Providence Equity Partners, which backs 365 Retail Markets, said the transaction strengthens scale across sectors and geographies as unattended retail continues to expand.