M&A Deal Summary

Reef Technology Acquires 2ndKitchen

On December 7, 2021, Reef Technology acquired business services company 2ndKitchen

Acquisition Highlights
  • This is Reef Technology’s 1st transaction in the Business Services sector.
  • This is Reef Technology’s 1st transaction in the United States.
  • This is Reef Technology’s 1st transaction in California.

M&A Deal Summary
Date 2021-12-07
Target 2ndKitchen
Sector Business Services
Buyer(s) Reef Technology
Deal Type Add-on Acquisition

Target

2ndKitchen

San Francisco, California, United States
2ndKitchen is a provider of virtual kitchens for hotels, offices, buildings, venues and other hospitality companies. 2ndKitchen enables hospitality businesses such as bars, hotels, or office buildings to serve food without the hassle of an onsite kitchen. 2ndKitchen was founded in San Francisco, California.

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Buyer(S) 1

Buyer

Reef Technology

Miami, Florida, United States
Category Company
Sector Consumer Services
DESCRIPTION

Reef Technology is an operator of the parking network in North America, operating more than 4,800 parking facilities. Reef Technology is based in Miami, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-07 iKcon

Dubai, United Arab Emirates

iKcon is a tech-enabled delivery kitchen operator focused on the MENA region. The company was founded by Khalid Baareh and Kareem Abughazaleh to address the rising demand for food delivery. It provides kitchen-as-a-service solutions to restaurants and food operators allowing them to rapidly scale their operations and expand their delivery coverage and customer reach. iKcon was formed in 2019 and is based in Dubai.

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