IAC's HomeAdvisor Acquires HomeStars, the Leading Canadian Home Services Platform
|Areas||Mergers and Acquisitions, Pensions, Tax, Technology|
Goodmans represented HomeAdvisor.com, a subsidiary of IAC/InterActiveCorp, the operator of the largest home services marketplaces across the globe, in its acquisition of HomeStars, the leading Canadian home services platform connecting homeowners with service providers. With the acquisition of HomeStars, HomeAdvisor strengthens its North American market leadership position in digital marketplaces dedicated to home services. HomeStars joins HomeAdvisor market leaders in Germany (MyHammer), France (Travaux.com), Netherlands (Werkspot) and Italy (Instapro) as HomeAdvisor looks to build on domestic momentum and accelerate international growth.
Founded in 2006 by Nancy Peterson, HomeStars connects Canada's homeowners with trusted reputable service providers. It's a free service that helps homeowners find reputable professionals through its database of two million companies and hundreds of thousands of reviews. The Canadian market for home services continues to grow: Canadian households spent C$71 billion on home improvement in 2015, up from C$45 billion in 2006.