Yelp Completes Strategic Acquisition of RepairPal
Yelp has completed its acquisition of RepairPal, an auto services platform, for $80 million in cash. Founded in 2007, RepairPal connects consumers with certified mechanics across the United States and partners with major companies like USAA, CarMax, and Endurance Vehicle Services. The acquisition strengthens Yelp's position in the local business services market, particularly in the automotive sector. TD Securities served as RepairPal's financial advisor, with Fenwick & West LLP and Cooley LLP acting as legal advisors for RepairPal and Yelp respectively.
Yelp ha completato l'acquisizione di RepairPal, una piattaforma di servizi automobilistici, per 80 milioni di dollari in contante. Fondata nel 2007, RepairPal collega i consumatori con meccanici certificati negli Stati Uniti e collabora con importanti aziende come USAA, CarMax ed Endurance Vehicle Services. L'acquisizione rafforza la posizione di Yelp nel mercato dei servizi alle imprese locali, in particolare nel settore automobilistico. TD Securities ha svolto il ruolo di advisor finanziario per RepairPal, mentre Fenwick & West LLP e Cooley LLP hanno agito come consulenti legali per RepairPal e Yelp rispettivamente.
Yelp ha completado la adquisición de RepairPal, una plataforma de servicios automovilísticos, por 80 millones de dólares en efectivo. Fundada en 2007, RepairPal conecta a los consumidores con mecánicos certificados en los Estados Unidos y se asocia con importantes empresas como USAA, CarMax y Endurance Vehicle Services. La adquisición fortalece la posición de Yelp en el mercado de servicios empresariales locales, especialmente en el sector automotriz. TD Securities actuó como asesor financiero de RepairPal, mientras que Fenwick & West LLP y Cooley LLP actuaron como asesores legales para RepairPal y Yelp, respectivamente.
옐프는 RepairPal를 현금 8천만 달러에 인수 완료했습니다. 2007년에 설립된 RepairPal는 미국 전역의 인증된 정비사와 소비자를 연결하며, USAA, CarMax 및 Endurance Vehicle Services와 같은 주요 기업과 협력하고 있습니다. 이 인수는 특히 자동차 분야에서 Yelp의 지역 사업 서비스 시장에서의 입지를 강화합니다. TD Securities는 RepairPal의 재무 자문사로 활동했으며, Fenwick & West LLP와 Cooley LLP는 각각 RepairPal와 Yelp의 법률 자문사로 활동했습니다.
Yelp a finalisé l'acquisition de RepairPal, une plateforme de services automobiles, pour 80 millions de dollars en espèces. Fondée en 2007, RepairPal met en relation les consommateurs avec des mécaniciens certifiés à travers les États-Unis et s'associe à de grandes entreprises telles que USAA, CarMax et Endurance Vehicle Services. Cette acquisition renforce la position de Yelp sur le marché des services aux entreprises locales, en particulier dans le secteur automobile. TD Securities a agi en tant que conseiller financier pour RepairPal, tandis que Fenwick & West LLP et Cooley LLP ont respectivement agi en tant que conseillers juridiques pour RepairPal et Yelp.
Yelp hat die Übernahme von RepairPal, einer Plattform für Fahrzeugdienstleistungen, für 80 Millionen Dollar in bar abgeschlossen. RepairPal wurde 2007 gegründet und verbindet Verbraucher mit zertifizierten Mechanikern in den Vereinigten Staaten und arbeitet mit großen Unternehmen wie USAA, CarMax und Endurance Vehicle Services zusammen. Die Übernahme stärkt die Position von Yelp im lokalen Dienstleistungsmarkt, insbesondere im Automobilsektor. TD Securities fungierte als Finanzberater für RepairPal, während Fenwick & West LLP und Cooley LLP als rechtliche Berater für RepairPal bzw. Yelp tätig waren.
- Strategic acquisition of RepairPal for $80 million expands Yelp's automotive services vertical
- Acquisition brings established partnerships with major companies (USAA, CarMax, Endurance)
- Cash transaction indicates strong financial position without need for debt or equity financing
- Significant cash outlay of $80 million may impact short-term liquidity
Insights
The
RepairPal's established partnerships with major players like USAA and CarMax bring valuable B2B relationships and a steady stream of referred customers. This could create new revenue channels through partnership fees and lead generation. The all-cash transaction, representing about
This acquisition strategically positions Yelp to capture a larger share of the automotive services market by combining its vast user base with RepairPal's trusted certification system. The integration creates a powerful network effect: RepairPal's certified mechanics gain exposure to Yelp's millions of users, while Yelp users benefit from verified, quality-assured auto service providers.
The deal strengthens Yelp's competitive position against specialized automotive platforms and general review sites. RepairPal's existing relationships with major automotive retailers and insurance providers offer significant cross-selling opportunities and potential for expanding Yelp's B2B services portfolio. This vertical integration aligns with consumer trends showing increased demand for trusted, verified service providers in high-value transactions.
Established in 2007, RepairPal connects consumers with certified trustworthy mechanics throughout
TD Securities acted as exclusive financial advisor and Fenwick & West LLP acted as legal advisor to RepairPal on the transaction. Cooley LLP acted as legal advisor to Yelp.
About Yelp
Yelp Inc. (yelp.com) is a community-driven platform that connects people with great local businesses. Millions of people rely on Yelp for useful and trusted local business information, reviews and photos to help inform their spending decisions. As a one-stop local platform, Yelp helps consumers easily discover, connect and transact with businesses across a broad range of categories by making it easy to request a quote for a service, book a table at a restaurant, and more. Yelp was founded in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241126440898/en/
Investor Relations Contact:
Kate Krieger
ir@yelp.com
Press Contact:
Amber Albrecht
press@yelp.com
Source: Yelp Inc.
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