QuinStreet Acquires Modernize
July 14, 2020
QuinStreet, Inc. acquired Modernize to create "Modernize Home Services," combining QuinStreet's performance marketplace capabilities with Modernize's home improvement lead-generation brand and contractor network. The deal consideration was $67.5 million in cash and notes; Modernize (Austin, Texas) brings more than 1,000 contractors, expected to add $50-60 million to QuinStreet's FY2021 revenue and expand QuinStreet's footprint in the home improvement market.
- Buyers
- QuinStreet, Inc.
- Targets
- Modernize
- Industry
- Marketing & Advertising
- Location
- Texas, United States
- Transaction Type
- Buyout
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