Tag Archives: Argus Brewery

Local Hospitality Industry Transactions

Despite the outbreak of the novel coronavirus, there have still been some business transactions in the works.  Here, we look at two local ones in the hospital industry: a brewery and a food delivery firm.

Having ceased operations during the coronavirus outbreak, Argus Brewery has now been put up for sale for $2.5m. This facility produces and distributes beer and is located in a Pullman District. The space – measuring 9,700 square foot has the capacity to make 10,000 barrels each year.  There is at least one camera in each room, a huge freight elevator with a fully operational original motor designed by Nikola Tesla.  The $2.5m price tags includes the delivery vehicle, equipment, and any remaining furniture and intellectual properties.

Then there is the Amsterdam-based food delivery firm Grubhub. This is being purchased by Just Eat Takeaway.com for a $7.3b price tag.  This will make it the largest online food delivery platform in the world (except for China). Each share of Grubhub is being valued at $75.15.  Matt Maloney, founder and CEO of Grubhub will take up membership on the board at Just Eat Takeaway.com. at the end of 2020, there were approximately 2,700 employees; 1,200 of these are in Chicago. It is anticipated that the deal will be complete by Q1 2021.