Inside Real Estate, one of the fastest-growing independently owned real estate software companies and a trusted technology partner to over 250,000 top agents, teams, and brokerages, today announced that it has received a strategic growth investment from Genstar Capital (“Genstar”), a leading private equity firm focused on investments in targeted segments of the software, industrials, financial services, and healthcare industries.
Genstar joins Inside Real Estate’s existing financial partner Lovell Minnick Partners (“Lovell Minnick”), bringing together substantial combined capital in support of Inside Real Estate’s continued growth and innovation and reinforcing Inside Real Estate’s position as the leading technology partner to the residential real estate market. Since its founding, Inside Real Estate has served as a reliable technology partner, empowering real estate brokerages, their teams, and agents with a complete tech ecosystem to supercharge business growth all from one seamlessly connected platform. Through its flagship platform, kvCORE and powerful add-on solutions, such as their recently announced CORE Home, Inside Real Estate ensures brokerages can deliver a modern, tech-enabled experience across the entire homeownership lifecycle.
“We are very excited to announce the addition of Genstar Capital as a financial partner, alongside our long-time partner, Lovell Minnick Partners,” said Joe Skousen, CEO of Inside Real Estate. “It’s more important than ever for brokerages to have best-in-class technology solutions that are seamlessly integrated, drive profitable growth and help them create customers for life. We take our responsibility as a tech partner very seriously and know our financial partners back this strategy 100%. We’re here to build the best technology in real estate and bring together the resources needed to help our customers thrive.”
“These world-class financial partners further enable our vision of being the most innovative, aligned technology partner for brokers, teams, and agents,” added Nick Macey, President of Inside Real Estate. “We know our success is driven by the success of our customers, and both Genstar and Lovell Minnick are aligned with our goal of bringing market-leading products and innovation to help our customers compete and win as the real estate landscape continues to evolve.”
“Inside Real Estate powers some of the fastest growing brokerages and brands in real estate. Their commitment to driving measurable results for their customers is evident in their continued growth and success,” said Rob Clark, Director at Genstar Capital. “The team, led by Joe Skousen and Nick Macey, has truly demonstrated the value of a trusted technology partner in the residential real estate market, and we are thrilled to support the company’s future growth plans, both organic and through acquisition.”
“Throughout Lovell Minnick’s partnership with Inside Real Estate, we have continued to be impressed with the company’s commitment to providing innovative solutions that allow clients to remain one step ahead of the ever-changing real estate market,” said John Cochran, Partner at Lovell Minnick. “We look forward to continuing our partnership with Inside Real Estate and working with Genstar to provide the resources necessary to deliver the best experience for Inside Real Estate’s clients,” added Jason Barg, Partner at Lovell Minnick.
Jefferies LLC served as exclusive financial advisor to Inside Real Estate. Kirkland & Ellis LLP served as legal counsel for Genstar Capital, while Morgan Lewis & Bockius served as legal counsel to Inside Real Estate.
About Inside Real Estate
Inside Real Estate is a fast-growing, independently-owned real estate software firm that serves as a trusted technology partner to over 250,000 top brokerages, agents, and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create its own unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. With an accomplished leadership team and its talented staff of 250 employees, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base. Visit insiderealestate.com to learn more.
About Genstar Capital
Genstar Capital (http://www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the software, industrials, financial services, and healthcare industries.
About Lovell Minnick Partners
Lovell Minnick Partners is a private equity firm focused on investments in financial services, financial technology and related business services. We partner with outstanding management teams to help grow their companies and build value for investors through a combination of driving growth initiatives, strategic activity and operational improvements. Since our inception in 1999, we have become a leader in our chosen space, raising $3.5 billion of committed capital from leading institutional investors. To date, we have completed more than 50 portfolio company investments.
We seek to invest in management-driven, growth-oriented companies that span the supply chains of investment products, insurance products, credit products and payments. Some of the areas in which we specialize include financial technology; payments; insurance brokerage and services; wealth and asset management; and related business services.
Source:https://www.prweb.com/releases/inside_real_estate_secures_additional_financial_partner_to_accelerate_growth/prweb18410308.htm
