Good Uncle, the on-demand food delivery service serving college campuses, has been acquired by food service titan Aramark. The terms of the transaction were not disclosed. “Good Uncle strengthens our ability to offer quality and convenience through services that allow our college consumers to order restaurant-quality food and have it delivered when and where they want it on campus,” remarked Eric J. Foss, Aramark’s Chairman, President, and CEO.
Good Uncle strengthens our ability to offer quality and convenience through services that allow our college consumers to order restaurant-quality food and have it delivered when and where they want it on campus – Eric J. Foss, Aramark’s Chairman, President and CEO
Founded by Matt Doumar and Wiley Cerilli in 2015, Good Uncle had raised a total of $2.2M in reported equity funding. This marks the second exit for Cerilli, who also found and sold SinglePlatform. Investors in Good Uncle include First Round Capital, Pritzker Group Venture Capital, Brainchild Holdings, Melo7 Tech Partners, Jason Finger, Charge Ventures, and Armory Square Ventures. Good Uncle will continue to operate under its independent brand as a part of Aramark.
Publicly-traded Aramark has been under pressure from Wall Street analysts and activist investors and now appears to be looking for inorganic growth to improve its earnings and future outlook. The company’s shares traded slightly higher today after reporting Q3 earnings.
