 |
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 |
“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 |
“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
For ATTOM Data Solutions
Christine Stricker
(949) 748-8428
