Wow! Flippa has just acquired Domain Holdings Group, Inc. for an undisclosed amount. Domain Holdings is one of the top premium domain brokerages in the industry. Last year, they did about $31 million in sales. This acquisition makes Flippa a formidable opponent against aftermarket giants like GoDaddy and Sedo. According to Mark Harbottle and John Ferber, the founders of both companies, they project to hit $70 million in sales over the next 12 months.
Both companies will continue to operate separately so it will be business as usual for the most part. However, both companies can benefit from the added resources and exposure one can give the other.
Congrats to both companies!