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HomeServe Enters into Home Expert Business in U.S. with Acquisition of eLocal

November 19, 2019

NORWALK, Conn.--(BUSINESS WIRE)--Nov 19, 2019--

HomeServe PLC (LON:HSV), the international home repairs and improvements business, and parent of Norwalk, CT based HomeServe USA Corp., announced as part of its mid-year results that it will acquire a majority stake in Conshohocken, PA based eLocal USA LLC ( www.elocal.com ), one of the leading performance-based advertising platforms in the US. The acquisition will be the foundation for HomeServe’s Home Expert business in the United States.

Established in 2008, eLocal currently offers a performance-based advertising solution in over 75 consumer facing verticals with a heavy emphasis within home services. By utilizing cutting edge technology and a robust network of publishers, eLocal reaches ready-to-buy consumers and intelligently routes over 3M calls and leads per year to its network of over 11.5K local, regional and national service providers. The acquisition of eLocal provides HomeServe with an exceptional launching pad for its Home Experts business in the United States. This business model has already proven successful in the UK with HomeServe’s acquisition of Checkatrade and in Spain with Habitissimo.

“We are delighted to have agreed to buy a majority shareholding in eLocal,” said Richard Harpin, Chief Executive and Founder of HomeServe PLC. “Bruce Aronow and team have created a really successful business model with great growth potential. I am looking forward to working with them as we continue to grow our Home Experts business.”

“The entire eLocal team is extremely excited to have been chosen as the platform to build the Home Experts business in the U.S.,” said eLocal CEO Bruce Aronow. “Partnering with a global leader like HomeServe will provide us the ability to leverage our talented team and best in class technology to deliver a great product to both consumers and advertisers in the U.S.”

eLocal has grown by profitably scaling their lead generation model and by tactically adding acquisitions with the support of their private equity backers, LLR Partners. eLocal’s founders, Andrew and Bruce Aronow, will remain with the company to run and grow the business. eLocal currently employs a staff of approximately 130 across its three office locations in Conshohocken, New York and Los Angeles.

The Home Experts business through eLocal’s platform will be run separately from HomeServe’s core Membership and HVAC businesses in the U.S., which serves over 4.2 million customers directly and through partnerships with more than 750 municipal, utility and association entities.

About HomeServe USA

HomeServe USA Corp. (HomeServe) is a leading provider of home repair solutions serving more than 4.2 million customers across the US and Canada under the HomeServe, Home Emergency Insurance Solutions, Service Line Warranties of America (SLWA) and Service Line Warranties of Canada (SLWC) names.

Since 2003, HomeServe has been protecting homeowners against the expense and inconvenience of water, sewer, electrical, HVAC and other home repair emergencies by providing affordable repair coverage, installations and quality local service.

As an A+ rated Better Business Bureau Accredited Business, HomeServe is dedicated to being a customer-focused company supplying best-in-class repair plans and other services to consumers directly and through over 750 leading municipal, utility and association partners.

HomeServe is teamed up with television personality and author Mike Rowe, best known as the creator and host of the series “Dirty Jobs,” and is a sponsor of This Old House on PBS, working together to provide homeowners expert advice on maintaining, enhancing and protecting their homes. For more information about HomeServe, a Connecticut Top Workplace winner and recipient of thirty-three 2019 Stevie Awards for Sales & Customer Service, or to learn more about HomeServe’s affordable repair plans, please go to www.homeserve.com. Connect with HomeServe on Facebook and Twitter @HomeServeUSA. For news and information follow on Twitter @HomeServeUSNews.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191119005935/en/

CONTACT: Kristy DelMuto

LLR Partners for eLocal

Phone: 215-344-1372

Email:kdelmuto@llrpartners.comMyles Meehan

HomeServe USA

Phone: 203-356-4259

Email:Myles.Meehan@homeserveusa.comMiriam McKay

HomeServe PLC

Phone: 011 44 7795 062564

Email:Miriam.McKay@homeserve.comClaire Deneen

Hill+Knowlton Strategies for HomeServe USA

Phone: 312- 255-3134

Email:homeserve@hkstrategies.com

KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY INSURANCE CONSTRUCTION & PROPERTY UTILITIES PROFESSIONAL SERVICES ENERGY INTERNET OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: HomeServe PLC

Copyright Business Wire 2019.

PUB: 11/19/2019 01:13 PM/DISC: 11/19/2019 01:13 PM

http://www.businesswire.com/news/home/20191119005935/en