Yelp Completes Strategic Acquisition of RepairPal
November 26 2024 - 4:53PM
Business Wire
Yelp Inc. (NYSE: YELP), the trusted platform that connects
people with great local businesses, today announced that it has
completed its previously announced planned acquisition of
RepairPal, an auto services platform, for approximately $80 million
in cash, subject to customary post-closing adjustments.
Established in 2007, RepairPal connects consumers with certified
trustworthy mechanics throughout the United States. Large, trusted
companies including USAA, CarMax, and Endurance Vehicle Services
send their members and customers to RepairPal Certified shops for
high-quality repairs at a fair price.
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 San
Francisco in 2004.
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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
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