M&A Deal Summary

ASAP Acquires BiteSquad.com

On December 12, 2018, ASAP acquired internet software and services company BiteSquad.com for 321M USD

Acquisition Highlights
  • This is ASAP’s 2nd transaction in the Internet Software and Services sector.
  • This is ASAP’s largest (disclosed) transaction.
  • This is ASAP’s 2nd transaction in the United States.
  • This is ASAP’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2018-12-12
Target BiteSquad.com
Sector Internet Software and Services
Buyer(s) ASAP
Deal Type Add-on Acquisition
Deal Value 321M USD
Advisor(s) RBC Capital Markets (Financial)
Gray, Plant, Mooty, Mooty & Bennett PA (Legal)

Target

BiteSquad.com

Minneapolis, Minnesota, United States
BiteSquad.com LLC (Bite Squad) is an independent provider of online and mobile food delivery services in the United States. Bite Squad partners with more than 11,000 restaurants across more than 300 cities to deliver fresh food straight to the customer’s door, quickly and hassle-free. TBiteSquad.com LLC was founded in 2012 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

ASAP

Lafayette, Louisiana, United States

Category Company
Founded 2013
Sector Internet Software and Services
Employees1,034
Revenue 204M USD (2020)
DESCRIPTION

ASAP operates an online ordering technology platform, providing delivery, carryout, and dine-in options. ASAP, along with Bite Squad and Delivery Dudes, connects local restaurants and grocery stores to diners in underserved U.S. markets. Together, they are a convenient way to discover, order, and receive great food and other products from local restaurants, national chains, and grocery stores. ASAP was founded in 2013 and is headquartered in Lafayette, Louisiana.


DEAL STATS #
Overall 2 of 6
Sector: Internet Software and Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 2 of 6
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 Requested

Sacramento, California, United States

Requested is a mobile app that allows people to book restaurant reservations and pay through the app so they can “dine and dash.”

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 Flow Payments

East Harwich, Massachusetts, United States

Flow Payments offers the next generation of high-risk payment processing with a commitment to providing extremely low rates, white-glove service, and a consultative approach to all merchants. Flow Payments is based in East Harwich, Massachusetts.

Buy -