Lewis Brisbois' National Corporate Team Assists Food Delivery App in Sale to NASDAQ-Traded Company
Ft. Lauderdale, Fla. (March 30, 2021) - Fort Lauderdale Managing Partner Michael G. Platner, Fort Lauderdale Partners Jeffrey Weinstock and Christopher Gabbard, and Orange County Associate Steven Novak recently represented Delivery Dudes, a South Florida-based food delivery app, in its acquisition by Waitr Holdings, Inc., a NASDAQ-traded, on-demand food ordering and delivery company. The purchase price for the acquisition was approximately $23 million in stock and cash.
Founded in 2009 and based in Delray Beach, Florida, Delivery Dudes is a leader in premium food delivery in the South Florida market that prides itself on “making life better one delivery at a time.” In 2020, it was ranked #46 by venture capital firm Andreessen Horowitz in its top 100 private company marketplace apps list. As of Dec 30, 2020, Delivery Dudes operated in small and medium-sized markets in over 50 U.S. cities, mainly in South Florida.
Assisting Delivery Dudes in its transaction was a cross-practice effort. Fort Lauderdale Labor & Employment Partner Cheryl Wilke assisted by providing employment perspective, while Los Angeles Intellectual Property & Technology Partner Daniel DeCarlo provided essential assistance on intellectual property issues that enabled the team to manage risk through the purchase agreement provisions. Fort Lauderdale Paralegal Deb Fanich also played a key role in closing preparation and management.
The members of Lewis Brisbois' National Corporate Practice take a business approach to transactions and counseling and are accustomed to working within budgets on tight deadlines for large, mid-size, and small companies and investors. The team is well positioned to serve clients’ corporate and business law needs in a comprehensive yet efficient manner, utilizing, as needed, the firm's many office locations through the country. Learn more on our Corporate Practice page.