RevLocal joins forces with Hibu Inc. to provide enhanced digital marketing solutions to small businesses.
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| Hibu Inc. strengthens its position in the digital marketing market with the acquisition of RevLocal. |
New York, USA– August 23, 2024:
BrightTower, a leading investment banking firm, announced today that it advised RevLocal, a digital marketing provider, in its sale to Hibu Inc., a leading provider of technology-enabled digital marketing solutions to small- and medium-sized businesses.
The acquisition of RevLocal by Hibu represents a significant expansion of Hibu's presence in the SMB market. RevLocal has been a trusted partner to thousands of local businesses since 2010, offering innovative marketing services. The combination of Hibu and RevLocal will provide customers with a wider range of digital marketing solutions and enhance Hibu's ability to serve the needs of small businesses.
"We are excited to welcome the talented team and loyal customers of RevLocal to Hibu," said Kevin Jasper, CEO of Hibu. "This acquisition will further strengthen our position as a leading provider of digital marketing solutions to small businesses."
Marc Hawk, CEO of RevLocal, stated, "Joining forces with Hibu will provide new marketing capabilities and technology to our customers. We are excited about the opportunities this will create for our customers and employees."
BrightTower served as the exclusive financial advisor to RevLocal in the transaction. The firm's expertise in the technology-enabled marketing sector was instrumental in facilitating the successful sale.