TurboTenant Advances with REI Hub Acquisition
Deal News | Dec 10, 2024 | LLR Partners Inc
TurboTenant, a leading property management software company, has recently acquired REI Hub. This strategic acquisition aims to expand TurboTenant's offerings and solidify its position as a comprehensive solution for landlords across the nation. Backed by the private equity firm LLR Partners Inc., TurboTenant is poised to enhance its platform by integrating REI Hub's expertise and services. This acquisition aligns with TurboTenant’s vision to provide an all-in-one property management solution, further empowering landlords and property managers to efficiently manage rental properties.
Sectors
- Real Estate Technology
- Private Equity
Geography
- United States – TurboTenant operates nationwide in the United States, enhancing its software solutions for landlords across the country.
Industry
- Real Estate Technology – The acquisition involves companies that develop software for property management, a key aspect of real estate technology.
- Private Equity – LLR Partners Inc., a private equity firm, is involved in supporting TurboTenant's acquisition, highlighting the role of private equity in investment and growth within the real estate technology sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TurboTenant | Acquiring Company | Company | A leading provider of property management software solutions for landlords. |
| REI Hub | Target Company | Company | A company specializing in property management services. |
| LLR Partners Inc. | Private Equity Backer | Company | A private equity firm supporting TurboTenant in its strategic acquisition. |