ANGI Homeservices Inc. agreed to acquire Handy Technologies, Inc. from Revolution Growth, General Catalyst Partners, Highland Capital Partners, Fidelity Management & Research Company LLC, BoxGroup, Sound Ventures, LLC and others.
October 10, 2018
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ANGI Homeservices Inc. (NasdaqGS:ANGI) agreed to acquire Handy Technologies, Inc. from Revolution Growth, General Catalyst Partners, Highland Capital Partners, Fidelity Management & Research Company LLC, BoxGroup, Sound Ventures, LLC and others on September 29, 2018. Post transaction, Handy Co-Founder and Chief Executive Officer Oisin Hanrahan and Chief Operating Officer and Co-Founder Umang Dua will remain with Handy in their current roles and continue to be based out of Handy’s New York City location. The transaction is subject to, regulatory approval, customary closing conditions and is expected to close in October, 2018. Morgan Stanley acted as financial advisor to Handy Technologies Inc.
Angi Inc. connects home service professionals with consumers across approximately 500 different categories, from repairing and remodeling homes to cleaning and landscaping. The Companyâs segments include Ads and Leads, Services, Roofing, and International (includes Europe and Canada), and operates under multiple brands including Angi, HomeAdvisor, and Handy. Ads and Leads segment provides service professionals the capability to engage with potential customers, including quoting and invoicing services, and provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals nationwide for home repair. Services segment provides a pre-priced offering service, pursuant to which consumers can request services through Angi and Handy branded platforms. Roofing segment provides roof replacement and repair services, primarily in Florida. International segment operates international businesses, such as Travaux, MyHammer and Werkspot.
ANGI Homeservices Inc. agreed to acquire Handy Technologies, Inc. from Revolution Growth, General Catalyst Partners, Highland Capital Partners, Fidelity Management & Research Company LLC, BoxGroup, Sound Ventures, LLC and others.
ANGI INC. 
