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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