Proper Acquires Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, and Drexel

Specialty Program Group Acquires Proper Insurance

February 27, 2026

Insurance

Specialty Program Group LLC (SPG) acquired Proper Insurance, a provider of insurance solutions tailored to short-term rental properties. Proper, founded in 2014 and based in Bozeman, Montana, offers a commercial policy designed to replace traditional homeowners or landlord coverage for hosts and professionally managed portfolios.

Fenix24 Acquires appNovi

April 24, 2025

Cybersecurity

Fenix24 has acquired appNovi to integrate advanced application dependency mapping and asset-tracking capabilities into its Argos99 platform, improving cyber asset visibility and accelerating incident response and recovery. The acquisition complements Fenix24’s prior purchase of vArmour and brings appNovi founders into the Argos99 team to scale the combined resiliency and recoverability offering.

TriSpan Launches ProperXPM, a Multifamily Property Management Platform

March 5, 2024

Real Estate

TriSpan has partnered with industry veteran Brian Duggan to launch ProperXPM, a PE-backed residential multifamily property management platform focused on consolidating property managers nationwide. ProperXPM will grow organically and through acquisitions, leveraging a technology partnership with Livly to deliver centralized, tech-driven operational services and improve NOI for building owners.

LIFULL Connect Acquires Properati from OLX Group

January 10, 2022

Real Estate

LIFULL Connect has acquired OLX Group’s Latin American real estate platform Properati, bringing Properati into LIFULL Connect’s global network. The deal expands LIFULL Connect’s footprint in Latin America by adding Argentina and Uruguay and combining audiences across Colombia, Peru, Ecuador, Argentina and Uruguay to create the largest real estate portal audience in the region.

Sovrn Holdings Acquires Proper Media

July 14, 2021

Marketing & Advertising

Sovrn Holdings, Inc. acquired San Diego-based Proper Media to expand its suite of publisher solutions by integrating Proper Media's advertising technology and managed services. The deal is intended to boost publisher revenue through higher-yielding ad operations, unified reporting, and streamlined managed services.

APG and OMERS Infrastructure Acquire Groendus from NPM Capital

May 18, 2022

Renewable Energy

A consortium of Dutch pension asset manager APG and OMERS Infrastructure has agreed to acquire Groendus, a sustainable energy platform, from NPM Capital. Groendus — formed in 2021 from a consolidation of six companies — is headquartered in Utrecht, employs about 130 people, serves thousands of business, municipal and institutional clients, and will continue to be led by its current management team; financial terms were not disclosed.