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Waitr, Inc.
Company typePublic
Nasdaq: WTRH
IndustryOnline platform for restaurant pick-up and delivery
Founded2008 (2008)
FounderChristopher Meaux
HeadquartersLake Charles, Louisiana, U.S. (Operational)
Houston, Texas, U.S. (Financial)
Area served
United States
Key people
Christopher Meaux (Founder & Chairman of the Board)
Carl Grimstad (CEO)
OwnerFertitta Entertainment (majority owner)
SubsidiariesBite Squad
Homer Logistics
Websitewaitrapp.com

Waitr Inc. is an American online and mobile prepared food ordering and delivery company. It originated in Lake Charles, Louisiana where it was founded by Chris Meaux with support from McNeese State University.[1]

History

Waitr, Inc. was founded at McNeese State University as a project lead by Chris Meaux. It quickly spread throughout Louisiana and across the southern United States. In 2018, the company was acquired through a $308 million reverse takeover by Tilman Fertitta's Lancadia holdings, which is part of the Fertitta Entertainment portfolio.[2] Later that year, Waitr acquired Minneapolis-based Bite Squad for $321 million.[3][non-primary source needed] In 2019, The company announced it would lay-off all of their employed drivers, and move to a contract-only model, similar to Grubhub and DoorDash.[4]

References

  1. ^ Daigle, Hannah. "SWLA based company, Waitr, expanding with new partnership". kplctv.com. KPLC. Retrieved February 29, 2020.
  2. ^ Barinka, Alex. "Houston Rockets Owner's Blank-Check Company Buys Waitr". bloomberg.com. Bloomberg L.P. Retrieved May 16, 2018.
  3. ^ "Waitr Holdings Inc. to Acquire Bite Squad". Business Wire. 2018-12-12. Retrieved 2020-02-29.
  4. ^ "Changes coming for Waitr drivers". KATC. 2020-02-17. Retrieved 2020-02-29.
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