Overview
- Uber announced a definitive agreement to acquire Boston-based ezCater for $2.3 billion and said the transaction is expected to close in the coming months.
- Uber described the deal as an all-cash purchase that will add ezCater’s large-format, business-focused orders to its delivery and corporate services.
- ezCater, founded in 2007 and based in Boston’s financial district, connects more than 140,000 restaurant partners and was previously valued above $1.6 billion.
- Uber CEO Dara Khosrowshahi said the move will help restaurants win higher-value catering orders while ezCater CEO Nihad Rahman said the company is “thrilled” to join Uber.
- The companies say the acquisition could create new revenue channels for restaurants and grow Uber Eats and Uber for Business while key integration and closing details remain to be released.