Waitr completes acquisition of Bite Squad for $323 million; expands reach to 500 cities

Waitr completes acquisition of Bite Squad for $323 million; expands reach to 500 cities
Waitr is expanding into Auburn, Opelika

LAKE CHARLES, LA (WAFB) - Waitr announced Friday that it completed its purchase of Bite Squad, a food delivery company, for about $323 million.

Bite Squad, based in Minneapolis, connects more than 11,000 restaurants with over 6,300 employee-drivers and about 889,000 active diners, according to Business Wire.

Chris Meaux, founder and Chief Executive Officer of Waitr, said the result of the combination is access to over 86 markets in more than 500 cities and 22 states.

In connection with the acquisition, Waitr announced that it completed its 42.1 million financing from Luxor Capital Group, LP, and a portion of it is financing the acquisition.

Waitr was founded in 2013, and is based in Lake Charles. The company provides on demand food ordering and delivery, and has over 7,700 restaurant partners as of September 2018.

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