Digital Media Solutions announced that it has entered into an agreement to acquire the HomeQuote.io home services marketplace from Customer Direct Group, along with the supporting media and technology assets of the ClickDealer international ad network. The consideration paid for the acquisition at closing will be $35M. Performance in the two years following closing could result in up to $10M of additional contingent consideration being paid. The acquisition, once completed, is expected to add $70M-$80M to DMS FY2023 revenue and is expected to be accretive to DMS FY2023 earnings. More details on the transaction will be shared in the DMS 2022 Q4 and FY 2022 earnings call in March
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