Pacific Avenue Capital Partners to Acquire Care.com from IAC

The $400 billion family care platform will become a standalone company focused on enterprise expansion and consumer marketplace growth.

Published on Mar. 3, 2026

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Pacific Avenue Capital Partners, a Los Angeles-based private equity firm, has entered an agreement to acquire Care.com, a leading online platform for family care services, from IAC Inc. As a standalone company, Care.com plans to accelerate its enterprise expansion while continuing to strengthen its consumer marketplace. The transaction is expected to close in the first half of 2026.

Why it matters

The acquisition of Care.com by Pacific Avenue Capital Partners represents a significant shift in the family care industry. As a standalone company, Care.com will have the opportunity to focus on product innovation, scale its employer partnerships, and enhance the platform experience for the millions of families and caregivers who rely on it. This move aligns with Pacific Avenue's strategy of executing corporate carve-outs to acquire market-leading businesses.

The details

Under the agreement, an affiliate of Pacific Avenue Capital Partners will acquire Care.com, a platform that connects families with background-checked caregivers for children, seniors, pets, and housekeeping. Care.com operates both a consumer marketplace and an enterprise benefits platform, serving over 45 million users and more than 700 employers, including many Fortune 100 companies. With Pacific Avenue's investment and support, Care.com plans to accelerate its enterprise expansion, strengthen its consumer marketplace, and enhance the overall platform experience.

  • The transaction is expected to be completed in the first half of 2026.
  • Care.com has been operating since 2007, connecting families and caregivers for nearly two decades.

The players

Pacific Avenue Capital Partners

A Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market.

Care.com

A leading platform and brand in the growing $400 billion market for family care, with the largest online network of background-checked child and senior caregivers in the U.S.

IAC Inc.

The current owner of Care.com, a publicly traded internet and media company.

Brad Wilson

The CEO of Care.com.

Michelle Arbov

The Chief Financial Officer of Care.com.

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What they’re saying

“We are thrilled to announce the Care.com transaction, the first investment in Pacific Avenue Fund II. The transaction aligns perfectly with Pacific Avenue's track record of executing corporate carve-outs to acquire market-leading businesses. Care.com is an industry leader with a brand built on trust, a strong reputation, and a proven leadership team. Care.com has a clear path for growth as an independent, standalone company. We're excited to work with Brad, Michelle, and the Care.com team to unlock the company's full potential in serving families, caregivers, and its enterprise partners.”

— Chris Sznewajs, Founder and Managing Partner of Pacific Avenue

“Caregiving is foundational to how families live and how businesses operate. This partnership allows us to deepen our support for families and caregivers while expanding the ways we serve employers who recognize that caregiving is a workforce issue. We're entering this next chapter with strength, clarity, and a renewed commitment to building the most beloved platform for care.”

— Brad Wilson, CEO of Care.com

“Care.com enters this next chapter with a profitable foundation. This transaction positions us to further invest in our platform, expand our employer partnerships, and scale efficiently while maintaining the financial discipline that has strengthened our performance.”

— Michelle Arbov, Chief Financial Officer of Care.com

What’s next

The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2026.

The takeaway

The acquisition of Care.com by Pacific Avenue Capital Partners represents a significant opportunity for the family care platform to expand its enterprise offerings and strengthen its consumer marketplace as an independent, standalone company. This move aligns with Pacific Avenue's strategy of acquiring market-leading businesses and unlocking their full potential through operational improvements and strategic growth initiatives.