Broadside Enterprises Acquires Potential Engine, LLC (Digital Food Service Platform)
January 16, 2024
Broadside Enterprises, Inc. (OTC: BRSE) has acquired Potential Engine, LLC — the digital food service platform and associated digital infrastructure, IP and interlocking virtual restaurant brands from Byte to Bite Industries, Inc.'s senior secured noteholders. The platform powers 50+ digital brands across 2,000+ storefronts from 10+ kitchens in the Greater Los Angeles area; Broadside said it will expand the platform globally and further develop it into an AI-based digital hospitality ecosystem.
- Buyers
- Broadside Enterprises, Inc.
- Targets
- Potential Engine, LLC
- Sellers
- Byte to Bite Industries, Inc. senior secured noteholders, Byte to Bite Industries, Inc.
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Buyout
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