///Toronto – based home services platform HomeStars gets acquired.

Toronto – based home services platform HomeStars gets acquired.

By |2018-05-08T14:29:27+00:00February 24th, 2017|M&A News|

February 9th, 2017. HomeStars is a home services platform that helps homeowners research, contact and review independent home services contractors in the Greater Toronto Hamilton Area. Homeowners use the HomeStars platform to pick contractors based on their needs and preferences, reach out to these contractors for pricing, and review their work afterward. HomeStars has been a digital success since inception, it now maintains a database of more than 2 million companies and reviews. Recently, it has been announced that Homestars will be acquired by HomeAdvisor, a platform that offers similar services to homeowners in the US. HomeAdvisor is a subsidiary of IAC (NASDAQ: IACI), a public media company that owns many recognizable brands such as Investopedia, Expedia (which was spun off as its own entity), and UrbanSpoon. The acquisition is part of an ongoing growth strategy for HomeAdvisor to gain market share internationally, HomeStars will strength its Canadian presence. Since 2008, it has acquired several companies in the digital marketplace for home services space in Europe.

Source: Newswire

Transaction Details:

Date of Announcement2/9/2017
HeadlineHomeAdvisors acquires HomeStars
SectorDigital Marketplace, Home Renovation, Professional Services
Company AcquiredHomeStars
Company LocationToronto, Canada
Transaction Amount (reported)N/A
Employees11 ~ 50
Amount InvestedUS$1.27M2 Rounds1 Investor
Key InvestorsEspresso Capital
Acquirer LocationLakewood, Colorado
Capital Raised to dateN/ASold to IAC in 2004
Key InvestorsIAC
CommentHomeAdvisor addes HomeStars to its portofolio of international digital home services marketplace
Press ReleaseNewswire
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