QuinStreet completes $190 million HomeBuddy acquisition

QuinStreet Inc. (NASDAQ: QNST) has completed its acquisition of SIREN GROUP AG d/b/a HomeBuddy, a home services demand generation provider, according to a company statement.

The transaction totals $190 million, structured as $115 million in cash at closing and $75 million in post-closing payments distributed equally over four years, subject to certain closing adjustments.

QuinStreet also secured a new $150 million revolving credit facility with a syndicate of commercial banks in connection with the acquisition.

The company plans to integrate HomeBuddy into its Modernize Home Services business. QuinStreet expects the acquisition to contribute $30 million or more to adjusted EBITDA in the first twelve months following closing, with additional margin dollars anticipated as synergies are implemented.

HomeBuddy specializes in providing exclusive homeowner inquiries to contractors in the home services sector. The acquisition aims to expand Modernize's platform and market reach with complementary products and client relationships.

QuinStreet stated the acquisition will be accretive to its adjusted EBITDA and earnings per share. The company will provide additional transaction details during its fiscal year 2026 second quarter earnings call scheduled for February 2026.

QuinStreet operates performance marketplaces and technologies for the financial and home services industries, connecting consumers with service providers through digital platforms.

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