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Porch Acquires HireAHelper to Add Moving Assistance to Home Services Portfolio.

M2 EQUITYBITES-July 24, 2019-Porch Acquires HireAHelper to Add Moving Assistance to Home Services Portfolio

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24 July 2019 - Seattle, US-based home repair and improvement marketplace Porch has acquired San Diego, US-based moving services marketplace HireAHelper.com, to enhance home services portfolio, the company said.

Terms of the transaction were not disclosed.

Porch said with the addition of HireAHelper.com, the company can serve people at all points in the housing lifecycle, from hiring the best movers for relocation to a new home, to finding the right service professional to install a window.

The acquisition of HireAHelper strengthens Porch's offering in the moving services industry. In April, Porch announced the acquisition of Kandela, which arranges set up and installation of essential home services like television, internet, home warranty, and home security.

Porch.com is an online home improvement network connecting homeowners with qualified professionals.

Focussed on assisting customers at every stage of the home journey, including moving in, installations, assembly, repairs and ongoing maintenance last year alone, the company facilitated more than 2m home-related projects, generating almost USD 1bn in revenue for small business owners and sole proprietors in speciality areas such as plumbing, roofing, electrical work and carpentry.

HireAHelper assists more than 250,000 people each year with their moving project. The company provides an online moving marketplace where consumers can instantly compare real-time quotes and availability from local movers and book a range of moving services, from full-service movers to hourly moving labor to transport rentals.

Since 2007, HireAHelper has spearheaded the Hybrid Moving phenomenon, an alternative moving approach that blends the use of full-service labor with do-it-yourself transportation, resulting in dramatic cost savings for consumers.

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Publication:M2 EquityBites (EQB)
Date:Jul 24, 2019
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