LAKE CHARLES, LA (KPLC) - Lake Charles-based Waitr has completed the purchase of Bite Squad, a food delivery service based in Minneapolis.
Bite Squad was purchased for $323 million in cash purchase and in shares of common stock of Waitr. Bite Squad has 11,000 active restaurants and 6,300 drivers. Combined the companies will now reach over 500 cities in 22 states.
“We are thrilled to announce the completion of the Bite Squad acquisition,” said Chris Meaux, founder and Chief Executive Officer of Waitr. “As a result of this combination, we now serve a total of over 86 markets in more than 500 cities and 22 states. We believe this transaction is a major growth step for us and positions us well to be a leading restaurant platform for online ordering and food delivery across underserved markets throughout the United States.”
Waitr began at the SEED center at McNeese State University.