Lovell Minnick Partners Acquires ATTOM Data Solutions, Leading Provider of Real Estate Data and Analytics

Jason Barg

PHILADELPHIA, LOS ANGELES and NEW YORK– Lovell Minnick Partners, a private equity firm specializing in financial and related business services companies, announced it has completed the acquisition of ATTOM Data Solutions (“ATTOM” or “the Company”), a leading provider of national real estate data and analytics.

 Lovell Minnick acquired ATTOM from Renovo Capital and Rosewood Private Investments. Financial terms of the private transaction were not disclosed.

Headquartered in Irvine, California, ATTOM manages a comprehensive data platform that draws upon a wide range of sources to provide property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population.

ATTOM licenses its data to companies in the real estate, mortgage, insurance, marketing and adjacent industries.

Rob Barber

“ATTOM’s data provides mission-critical insights to enterprise clients who seek to make well-informed business decisions with the benefit of historic, rich and near real-time data,” said Jason Barg, Partner, Lovell Minnick Partners. 

“We’re excited to partner with CEO Rob Barber and his team who have an excellent reputation for leadership and innovation in the real estate data and information services market.”

“ATTOM remains focused on expanding our seamless end-to-end data platform to deliver greater value for our customers as we continue to grow our market share in our core markets and build out our footprint in new end-markets across the U.S.,” said Barber. 

“We look forward to the next chapter of our growth, supported by the experience and resources of Lovell Minnick Partners, as we further strengthen our position as the premier one-stop shop for high-quality real estate data.”

John D. Cochran

“ATTOM’s management team has generated strong organic growth and successfully pursued accretive strategic opportunities such as their acquisition of neighborhood data provider Onboard Informatics in early 2018,” said John Cochran, Partner, Lovell Minnick Partners.

 “We believe the Company’s innovative technology platform, focus on superior data quality and customer service, and its recurring license revenue model position ATTOM extremely well for continued success in the space. We are eager to support management in executing their strategic plan to build the leading technology platform in the real estate data industry.”

ATTOM’s extensive property database is also used to power consumer-facing websites such as RealtyTrac.com, Homefacts.com and HomeDisclosure.com.

Morgan Lewis served as LMP’s legal counsel. GCA Advisors acted as financial advisor to ATTOM, while Venable LLP served as ATTOM’s legal counsel. Monroe Capital provided debt financing for the transaction.

 Contacts:

For Lovell Minnick Partners LLC

Kelly Holman

Stanton

(646) 502-3509

kholman@stantonprm.com

For ATTOM Data Solutions

Christine Stricker

(949) 748-8428

christine.stricker@attomdata.com