QuinStreet acquires HomeBuddy for $190M; expects $30M+ EBITDA boost

QUINSTREET, INC

Purchase price: $115M cash at closing plus $75M in equal annual installments over 4 years.
HomeBuddy revenue $141M (12 mos to Sep 2025); QuinStreet expects acquisition to be accretive to adj. EBITDA and EPS, adding $30M+ EBITDA in first 12 months post-close.
Transaction expected to close in Q1 2026, subject to regulatory approval and customary closing conditions.
HomeBuddy extends Modernize Home Services platform with exclusive high-intent leads, new digital media, and adds >2,000 clients across 30+ trades.
QuinStreet plans to finance part of closing payment through a new credit facility established prior to close.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QUINSTREET, INC entered into Share Purchase Agreement with SIREN GROUP AG d/b/a HomeBuddy, certain shareholders, and Maxym Entin as representative valued at approximately $115.0 million in cash, plus $75.0 million in additional post-Closing payments (effective 2025-11-30).

Action: entry
Agreement: equity purchase
Counterparty: SIREN GROUP AG d/b/a HomeBuddy, certain shareholders, and Maxym Entin as representative
Value: approximately $115.0 million in cash, plus $75.0 million in additional post-Closing payments
Effective: 2025-11-30

Exact text from the filing

On November 30, 2025, QuinStreet, Inc., a Delaware corporation (“QuinStreet”) entered into a Share Purchase Agreement (the “Purchase Agreement”) by and among QuinStreet, SIREN GROUP AG d/b/a HomeBuddy, a company limited by shares ( Aktiengesellschaft) organized under the laws of Switzerland (“HomeBuddy”), the Shareholders listed on Schedule I thereto (each, a “Seller” and collectively, the “Sellers”) and Maxym Entin, solely in his capacity as the representative of the Shareholders, pursuant to which QuinStreet has agreed to purchase from the Sellers all of the issued and outstanding equity securities of HomeBuddy (the “Share Purchase”), upon the terms, in the manner and subject to the conditions set forth in the Purchase Agreement.

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Source: SEC EDGAR

accession 0000950103-25-015690

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