Transaction

Transaction Details

Closed
September 9, 2019

Sectors

Real Estate Technology, Financial Technology

Deal Type

Mergers and Acquisitions

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GCA Advises Inside Real Estate on Its Majority Recapitalization from Lovell Minnick Partners

GCA is pleased to announce we acted as exclusive financial advisor to Inside Real Estate, one of the fastest growing independently owned real estate software companies, on its majority recapitalization from Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in the global financial services industry.

Inside Real Estate is a trusted technology partner to over 200,000 top brokerages, agents and teams in the residential real estate market. The company’s flagship real estate software program, kvCORE, is a comprehensive brokerage management platform and marketplace that helps brokerages drive profitable growth and productivity.

The investment comes during a period of substantial revenue growth and sustained profitability over the past several years along with the addition of hundreds of top brokerages to the Inside Real Estate platform including two national franchise brands in 2019 alone.

“With their winning strategy and products, Inside Real Estate has built a growing, profitable and scaled business in an industry filled with small point solution providers,” said John Cochran, LMP Partner. “We’ve been following the company’s traction in the space and believe the platform is uniquely positioned for success. We have seen first-hand the powerful impact Inside Real Estate’s products have for its customers by increasing brokerage profitability, driving team and agent success and enhancing business differentiation. We’re thrilled to be backing this exciting business and extremely capable team.”

The leadership team at Inside Real Estate will continue to invest and execute full steam ahead on the company’s strategy and independent vision. Ned Stringham, CEO of Inside Real Estate commented: “This new partnership provides our customers the continued confidence that Inside Real Estate will remain an independent, reliable and innovative tech partner and support the growth of their real estate business for years to come.” Stringham also noted: “LMP has an exceptional track-record of picking winners. It’s an honor to have their confidence and support.”

The transaction will fuel Inside Real Estate’s continued growth, provide financing for future acquisition opportunities and help create the best environment to attract, develop and retain top talent.

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