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New Deal


Announced

Completed

Zillow Group completed the acquisition of Spruce.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Consumer Services: Other

United States

lifestyle services

Acquisition

Majority

Domestic

Private

Friendly

Single Bidder

Completed

Synopsis

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Zillow Group, a real estate marketplace company, completed the acquisition of Spruce, a tech-enabled title and escrow company. Financial terms were not disclosed. “Real estate transactions often fall short of buyer and seller expectations. Like Zillow, Spruce is driven by the vision of offering an amazing transaction experience to buyers and sellers. We’re excited to join Zillow in the ambitious mission to create the best closing solution for the modern home-buying process,” Patrick Burns, Spruce CEO and co-founder.

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