ApartmentLove Acquires GottaRent.com from Metroland Media Group
December 16, 2022
ApartmentLove Inc. completed an all-cash acquisition of GottaRent.com and four related domains from Metroland Media Group Ltd. for C$940,000, a purchase price equal to approximately 4x EBITDA. The deal adds established Canadian SEO rankings, an active customer list and recurring revenue to ApartmentLove’s portfolio; the balance of the purchase price plus ~C$54,000 working capital was funded from the company’s debenture financing.
- Buyers
- ApartmentLove Inc.
- Targets
- GottaRent.com
- Sellers
- Metroland Media Group Ltd.
- Industry
- Real Estate
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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