RealPage Acquires Buildium
November 6, 2019
RealPage, Inc. agreed to acquire Buildium LLC for an initial purchase price of $580 million in cash, expanding RealPage’s SMB-focused property management platform. Buildium is a leading SaaS property management solution serving over 17,000 customers and ~2 million units under management, with roughly $50 million in trailing-12-month revenue (expected $60 million run-rate by year-end 2019).
- Buyers
- RealPage, Inc.
- Targets
- Buildium LLC
- Sellers
- Sumeru Equity Partners, K1 Investment Management
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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