Skift Take
The deal consolidates two young players in the market, each touting a strong roster of restaurants.
The pool of available restaurant reservations services is a little bit smaller today: Resy announced it is acquiring competitor Reserve.
The move gives Resy a total of 4,000 restaurant customers in the U.S., including a significant footprint in Reserve-heavy cities like Boston and Chicago. The move also boosts its restaurant portfolio in top markets like New York, San Francisco, and Los Angeles.
Terms of the deal were not disclosed.
According to a company spokesperson, the "vast majority" of Reserve staff will be joining Resy, including Reserve CEO Greg Hong, who will join Resy as a full time advisor through the transition. "As far as beyond that, it’s something that he and I are going to figure out together. I have a a ton of respect for the business he’s built. He and I joke that we’ve been in the same trenches for the last four years," Resy CEO Ben Leventhal told Skift Table.
Though this acquisition ends their head-to-head competition, when
