Petsky Prunier advises Allconnect on its sale to Red Ventures
Transaction will Scale Combined Company’s Home Services Marketplace and Expand its Footprint Within the Movers Segment
September 8, 2017 (New York, NY) – Petsky Prunier is pleased to announce that it has advised Allconnect Inc., a leading technology-enabled sales and marketing solutions company that partners with utility and energy companies to help customers in more than 50 million households compare and purchase home services, on its sale to Red Ventures LLC, a leading digital consumer choice platform. Allconnect was a portfolio company of Covestco and Maveron, among other investors.
Founded in 1998, Allconnect offers customers a convenient single source to compare and connect integrated media, broadband, home protection, energy, and green products. Through more than 20 million annual consumer touch points, the company acquires customers, increases revenue, and generates higher customer satisfaction for its utility and energy partners. Allconnect’s 2016 customer satisfaction score of 86, as measured by the American Customer Satisfaction Index (ACSI), was the second-highest score of the publicly measured companies in 2016. The company is headquartered in Atlanta, Georgia, with offices in Lexington, Kentucky and St. George, Utah.
Red Ventures is a leading digital consumer choice platform based in Charlotte, North Carolina. Through deeply integrated brand partnerships and consumer-facing assets, Red Ventures uses advanced analytics, data science, and deep technical integration to connect online customers with products and services across high-growth industries, including home services, financial services, and healthcare. Founded in 2000, Red Ventures has more than 2,700 employees in offices across the Carolinas, Seattle, Washington, London, and Sao Paulo, Brazil.
The acquisition positions the combined company to scale its home services marketplace and expand its footprint within the valuable movers segment.
Petsky Prunier, with a team led by Sanjay Chadda, Dylan Kearns, and Christopher Heasman, served as exclusive financial advisor to Allconnect.