ApartmentLove Acquires OwnerDirect.com for 2.5x EBITDA Entering the Short-Term Vacation Rental Market – GlobeNewswire
CALGARY, Alberta, July 18, 2022 (GLOBE NEWSWIRE) — ApartmentLove Inc. (CSE: APLV) (“ApartmentLove” or the “Company”), a leading provider of online home and apartment rental marketing services to landlords and renters in more than 30-countries on 5-continents around the world, is thrilled to announce that it has successfully completed the acquisition of OwnerDirect.com – a short-term vacation rental marketing platform with operations in Canada, the United States, Mexico, and the Caribbean (“OwnerDirect.com” or the “Vendor”), paying less than 1x revenue and just 2.5x EBITDA (the “Acquisition”).
Attracting nearly 1 million website visitors already this year, OwnerDirect.com is among the largest short-term vacation rental websites in its class. Having successfully completed an exhaustive Search Engine Optimization (“SEO”) audit during due diligence, the ApartmentLove transition team along with its SEO partners have identified numerous operating efficiencies that will further enhance…
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source: https://news.oneseocompany.com/2022/07/18/apartmentlove-acquires-ownerdirectcom-for-25x-ebitda-entering-the-short-term-vacation-rental-market-globenewswire_2022071823775.html
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