QuinStreet, Inc. has entered into a definitive agreement to acquire HomeBuddy, a digital marketplace platform for home services professionals.
The acquisition aims to expand QuinStreet's Modernize Home Services platform by integrating HomeBuddy's products and services.
HomeBuddy's addition is expected to enhance QuinStreet's offerings to home improvement professionals and strengthen its position in the market.
HomeBuddy Acquisition
QuinStreet to acquire HomeBuddy for $115 million in cash at closing and $75 million in post-closing payments over four years.
Revenue Generation
HomeBuddy generated approximately $141 million in revenue for the twelve months ended September 30, 2025.
Expected Growth
QuinStreet anticipates $30 million or more of adjusted EBITDA in the first twelve months post-acquisition, with significant growth thereafter.
- The acquisition is expected to enhance QuinStreet's revenue and adjusted EBITDA, with the potential for substantial growth post-transaction.
- QuinStreet aims to leverage HomeBuddy's demand-generation capabilities to expand its reach and provide a broader range of services to home services professionals.
The acquisition of HomeBuddy signifies a strategic move by QuinStreet to strengthen its position in the home services market and accelerate revenue growth. This acquisition is expected to bring substantial synergies and expand QuinStreet's capabilities for its clients.