ANGI - ANGI HomeServices Is Taking A Piece Of The $400 Billion Home Improvement Market At A Rapid Pace
ANGI HomeServices introduction
IAC/InterActiveCorp, a company I have had in my portfolio for a while, bought Angie's List two years ago and merged it with its existing HomeAdvisor business. Angie's list was bought for $500 million.
What ANGI HomeServices does is matching homeowners with tradesmen. Today, the majority of people looking to do renovations to their home use word-of-mouth recommendations to find a good professional for the job.
In a classic way IAC/InterActiveCorp operates (similar to Match Group, which they own as well), the company now tries to bring this process online. It does so