today announced they have completed their previously announced merger. The combined company’s name will be determined following regulatory approval. 9, 2013 /PRNewswire/ Seamless North America LLC and GrubHub Inc. Each company has had different strengths historically: “GrubHub is focused on the consumer segment of diners ordering food at home in the evenings, while Seamless got its start on the corporate side, connecting restaurants with employees who could expense their meals.” The joint company will have offices in Chicago, New York, Salt Lake City and London.Īlso, as the Tribune points out, the merger is not a mere doubling of manpower or focus. “I’m excited about the larger number of diners available to restaurants and finally, the combined products for the two companies makes for a stronger offering."Įvans will be COO at the combined company, Seamless CEO Jonathan Zabusky will be president, and GrubHub co-founder and Chief Executive Matt Maloney will be CEO. "I'm excited about three things: I'm excited about the expanded restaurant network that our diners will be able to use," GrubHub co-founder and Chief Operating Officer Mike Evans told the Tribune. Reportedly, the merger will grant customers in 500 cities access to more than 20,000 local restaurants. The chart below presents a side-by-side comparison of the two brand names.Seamless North America and GrubHub, two major players in the online food-ordering sector, announced Monday they plan to join forces. In our view, one of the names is much stronger than the other. So, even though Seamless brought more equity to the merger, management wisely chose to favor the GrubHub name, at least with the investment community. It trades on the New York Stock Exchange under the ticker symbol “GRUB.” In 2014, the organization, then known as GrubHub Seamless, went public. ![]() In terms of equity, Seamless represented 58% of the combined business and GrubHub represented 42%. ![]()
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