Yelp Completes Strategic Acquisition of RepairPal
SAN FRANCISCO–(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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241126440898/en/
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KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Apps/Applications Technology Mobile/Wireless Communications Restaurant/Bar Food/Beverage Internet Social Media Retail
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