Pacific Avenue Capital Partners Acquires Care.com from IAC

The $400 billion family care platform will accelerate its enterprise expansion under new ownership.

Mar. 19, 2026 at 3:15pm

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Pacific Avenue Capital Partners, a Los Angeles-based private equity firm, has completed the acquisition of Care.com from IAC Inc. Care.com is a leading platform in the growing $400 billion market for family care, operating both a consumer marketplace and an enterprise benefits platform. As a standalone company, Care.com will focus on accelerating its enterprise expansion while continuing to strengthen its consumer offerings.

Why it matters

The acquisition of Care.com by Pacific Avenue Capital Partners represents a significant shift in the family care industry, as a major platform comes under new ownership. This move is expected to drive further innovation and growth in the $400 billion market for family care services, which has seen increased demand in recent years.

The details

Under the terms of the deal, an affiliate of Pacific Avenue Capital Partners has acquired Care.com from IAC Inc. Care.com operates the largest online network of background-checked child and senior caregivers in the U.S., serving both consumers and enterprise clients. With Pacific Avenue's investment and support, Care.com plans to accelerate product innovation, scale its employer partnerships, and enhance the platform experience for families and caregivers.

  • The acquisition was completed on March 19, 2026.

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, operating both a consumer marketplace and an enterprise benefits platform.

IAC Inc.

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

Brad Wilson

The CEO of Care.com.

Chris Sznewajs

The Founder and Managing Partner of Pacific Avenue Capital Partners.

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What they’re saying

“We are excited to officially welcome Care.com to the Pacific Avenue portfolio as the first investment in Pacific Avenue Fund II. The transaction aligns squarely with our focus on executing corporate carve-outs to acquire market-leading businesses with strong fundamentals and clear opportunities for value creation. We're excited to work with Brad 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

“Today marks the start of our next chapter with Pacific Avenue Capital Partners and an exciting moment for Care.com. We're focused on accelerating how we support families and caregivers while continuing to expand our solutions for employers who recognize caregiving as essential to their workforce. With a strong foundation in place, we're moving forward with clarity and confidence in the opportunity ahead.”

— Brad Wilson, CEO of Care.com

What’s next

Pacific Avenue Capital Partners plans to work closely with the Care.com team to accelerate product innovation, scale its employer partnerships, and enhance the platform experience for families and caregivers.

The takeaway

The acquisition of Care.com by Pacific Avenue Capital Partners represents a significant shift in the family care industry, as a major platform comes under new ownership. This move is expected to drive further innovation and growth in the $400 billion market for family care services, which has seen increased demand in recent years.