Delray Beach on-demand company to sell and says it will keep identity
Waitr Holdings Inc. has agreed to buy “substantially all” of the assets of 11-year-old Florida-based Delivery Dudes, the company said Tuesday.
Delray Beach, Fla.-based Delivery Dudes, founded in 2009, said it plans to maintain its identity in the South Florida area after the Waitr transaction closes, which is expected next week. Terms of the deal were not immediately disclosed.
Jayson Koss, founder of Delivery Dudes, said the Waitr team would help take the third-party platform “to the next level.”
“They recognize the level of customer service that we provide and the deep relationships we have with all the best restaurants within our service areas," said Koss in a statement. "With Waitr's resources, we'll get to do delivery bigger and better for all our South Florida customers and fans."
The company said customers will still visit DeliveryDudes.com, use the Delivery Dudes app or phone the service to place an order.
“What customers may notice is a slew of new improvements that should make Delivery Dudes even better,” the company said.
For the fourth quarter ended Dec. 31, Waitr Holdings on Monday reported that it swung to net income of $2.6 million, or 2 cents a share, from a loss of $21.6 million, or 28 cents a share, in the same period last year. Revenues rose 8.6%, to $46.8 million, from $43.1 million in the prior-year quarter.
Waitr, founded in 2013, is based in Lafayette, La. It and the affiliated Bite Squad operate in small- and medium-sized U.S. markets in more than 700 cities.
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