LAFAYETTE, LA - Evolving at lightening speed to meet increasing demand, food delivery companies across the industry are making big moves to take up a larger part of the expanding market. The most recent company to make such a pivotal move was Waitr Holdings, which has announced its acquisition of Delivery Dudes, a Florida-based food delivery company.
“Delivery Dudes affords us the opportunity to further expand our footprint in the Florida delivery marketplace,” said Carl Grimstad, CEO and Chairman of the Board of Waitr. “The Dudes have created a strong brand presence in South Florida and we are excited to have them join our team. Their well-trained and friendly staff, combined with reliable drivers, deliver fresh food from top local restaurants—a perfect fit for Waitr.”
The purchase price for the acquisition is approximately $23 million in the form of stock and cash, according to a release.
Both companies expect the deal to close before the end of next week, subject to the approval of closing conditions and variables.
“We’ve been working hard for the last decade and are excited to join Waitr, a company that shares our entrepreneurial spirit and believes in us,” said Jayson Koss, CEO of Delivery Dudes. “With Waitr’s resources, we look forward to growing the South Florida market and working to help Waitr expand their market presence. We believe 2021 will be an exciting year.”
As the food delivery sector continues to grow, AndNowUKnow will be here to bring you the latest news.
