HomeBuddy

Canaccord Genuity has Advised HomeBuddy on its Sale to QuinStreet

Canaccord Genuity is pleased to announce that it has advised HomeBuddy, a digital marketplace platform that matches homeowners with the most appropriate home services professional, on its acquisition by QuinStreet, Inc. (NASDAQ:QNST), a leader in performance marketplaces and technologies for the financial and home services industries.

QuinStreet will integrate HomeBuddy into its Modernize Home Services business, advancing Modernize’s mission to support home services professionals “from inquiry to install” at scale.

“The HomeBuddy team has built a model that delivers exclusive, high-intent homeowner demand at scale, and the combination with Modernize allows us to extend that capability across a broader platform,” said Nikolai von Loeper, CEO of HomeBuddy.

Under the terms of the agreement, QuinStreet acquired HomeBuddy for $115 million in cash at closing and $75 million in post-closing payments payable equally over four years, subject to certain closing adjustments.

Canaccord Genuity, with a deal team led by Julie Langley, Sanjay Chadda, Katherine Hobbs, Neha Ramchandani, and Lewis Gillon, served as the exclusive financial advisor to HomeBuddy.