Builderscrack, New Zealand’s main trading market, was acquired by Australian hipages Group Holdings Limited.
The 100% acquisition of MyQuote Limited, marketed as Builderscrack, amounts to AU $ 11.8 million in cash and equity.
Founded in 2007 by Managing Director Jeremy Wyn-Harris, Mark Dickson and Keith Roberts, Builderscrack has grown to post more than 95,000 jobs on its platform in the past 12 months.
It has facilitated over $ 250 million worth of over 480,000 published jobs since its founding, including over $ 67 million in the last fiscal year.
Hipages Group CEO and Co-Founder Roby Sharon-Zipser said: “This makes the hipages group the undisputed leader in the transtasman market connecting trusted businesses to owners. Jeremy and the Builderscrack team have built a great company around a strong technology platform and an incredibly loyal business base. . “
The acquisition gives the hipages group listed on ASX, Australia’s largest online shopping market, access to a new addressable market totaling $ 26 billion, in addition to Builderscrack’s 4,000 active businesses and 200 000 registered owners.
“We will drive their growth by leveraging the strategic and operational experience we have gained growing our business in Australia, as well as helping them grow their brand to seize the huge market opportunity in New Zealand.” said Sharon-Zipser.
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Wyn-Harris said the hipages group is a “natural partner”.
“Joining forces with Roby and his team will allow us to take our business to the next level. We look forward to learning from them and sharing ideas, as well as deploying new products and services to add value to our traditional customers, ”he said. noted.
This year, with many people stranded by Covid-19, 80% of New Zealand homeowners have undertaken maintenance, repairs or renovations, compared to 71% of Australian homeowners. Electricians (56%), plumbers (52) and builders (37) were the most popular trades in New Zealand.