Majority stake Announced Jun 2005
ServiceMagic to acquire ImproveNet, consolidating residential contractor lead marketplaces
Relationship map
Parties
Parties
Market signals
Market signals
Deal value$6.7M reported cash consideration · approximate
Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
ServiceMagic agreed to acquire all outstanding stock of ImproveNet for about $6.72 million in cash, combining two online marketplaces that connect consumers with prescreened residential contractors and home service professionals.