Mergers and Acquisitions (M&A): QuinStreet (NASDAQ: QNST) Acquires HomeBuddy for $190 Million
Foster City, California – QuinStreet has announced the acquisition of HomeBuddy (https://www.homebuddy.com/). According to the company announcement QuinStreet, Inc. (NASDAQ: QNST) is a prominent leader in performance marketplaces and technologies, primarily serving the financial and home services industries. The company specializes in delivering online marketplace solutions that effectively connect consumers and businesses with relevant brands in digital media. QuinStreet is dedicated to equipping both consumers and businesses with the necessary information and tools to research, discover, and select products and brands that align with their specific needs. Notably, QuinStreet recently closed the acquisition of HomeBuddy, a move expected to significantly enhance its Modernize Home Services business by expanding its platform, market footprint, and growth opportunities through new products, media, and clients. This acquisition is anticipated to be accretive to QuinStreet’s adjusted EBITDA and EPS, projecting an additional $30 million or more to adjusted EBITDA in the first year post-closing.
To learn more about QuinStreet, visit https://www.quinstreet.com/
Company LinkedIn Page: https://www.linkedin.com/company/quinstreet/
Company Contact:
QuinStreet
950 Tower Lane, Suite 1200
Foster City, CA 94404
650-578-7632
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