Block acquired Main Line Delivery, a transaction completed in December 2016, structured as Asset acquisition (certain assets of Main Line Delivery).
Main Line Delivery operates in Square (Caviar / Seller), is based in United States (Philadelphia, Pennsylvania). Square completed the acquisition of certain assets of Main Line Delivery, a service that let diners order delivery from popular restaurants in the Main Line region of Philadelphia, to expand its Caviar platform in that market. Main Line Delivery had spent roughly eight years building relationships with area restaurants and a focus on hospitality and service. The deal broadened Caviar's presence in Philadelphia, where it had grown from about 40 to over 300 partner restaurants.
Adding Main Line Delivery extended Caviar's growing Philadelphia footprint, bringing more restaurant options to more customers across more parts of Pennsylvania.
Advisory firms were not disclosed for this transaction.