The story
Eric Breon, along with attorney Cliff Johnson, co-founded Vacasa in 2009 after experiencing difficulties renting out his family vacation home in Long Beach, Washington.
In June 2014, Vacasa topped the Portland Business Journal's list of Fastest-Growing Private 100 companies, with an established three-year growth rate of 3,034.59%. In August 2014, it was named the #9 fastest-growing privately held company in the nation by Inc. Magazine in its annual Inc. 5000 list, with an updated three-year growth rate of 16,192%. On November 16, 2016 Vacasa was ranked number 67 out of 500 on the 2016 Technology Fast 500 by Deloitte, which recognizes the fastest-growing technology companies in North America.
In March 2018, Vacasa announced the company would be expanding its Portland office to a newly constructed building in the Pearl District. The 61,000 square foot space provides the company space for an additional 400 employees in Portland.
On October 2, 2018, Vacasa acquired Oasis Collections, which was previously owned in part by Hyatt Hotels Corp.
In 2019, Vacasa acquired Wyndham Vacation Rentals from Wyndham Destinations for $162 million. Vacasa has also partnered with Google to integrate available rental properties into search results for traveling and lodging. It is the first vacation rental management company to do so.
Eric Breon stepped down as CEO of Vacasa on February 11, 2020. Vacasa board member and former OpenTable CEO Matt Roberts replaced Breon as interim chief, and was then named permanent CEO in the summer of 2020.
On April 1, 2021, Vacasa finalized the acquisition of TurnKey Vacation Rentals, adding more than 6,000 U.S. properties to its portfolio, and bringing its total property count to more than 30,000 units. On August 24, 2022, it announced former Expedia executive Rob Greyber will succeed Matt Roberts as CEO.
In May 2024, Vacasa announced a workforce reduction of approximately 13%, affecting 800 employees, as part of a restructuring to address continued net losses. This followed an earlier cut of 5% of its staff in February 2024.
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Following a 97% decline in its stock price and multiple rounds of layoffs, Vacasa agreed to be taken private by portfolio company Casago. On May 1, 2025, Casago completed the acquisition in an all-cash transaction valued at approximately $130 million ($5.30 per share). Upon closing, Vacasa's stock was delisted from the Nasdaq exchange.
From Wikipedia’s article on Vacasa, shared under CC BY-SA 4.0.4