In a little over 4 years, the Lake area based company has gained a tremendous amount of success.
In the deal, set to close later this year, WAITR will initially be sold for $50 million. The remainder of the sale will be distributed through the NASDAQ stock exchange.
Meaux says one of the great things about the deal is that the company's headquarters will remain right here in Lake Charles.
"Our team is going to be there, and we're going to be able to expand the team even further. So this has been a great thing, not just for Waitr, but for our employees and for the city of Lake Charles and the state of Louisiana.
Chris Meaux started Waitr after pitching the idea at the Seed Center Business Incubator in Lake Charles. A program that director Adrian Wallace says is open to anyone that has a passion and purpose for business.
Meaux will continue in his role with the new company and serve as the chairman of the board of directors. He hopes this venture will accelerate the company's growth with expansion in numerous markets.
Waitr first started delivering food in Lake Charles before expanding to Lafayette and Baton Rouge, then to other cities throughout the south.