Tracked deals
3
3 tracked deals across 2022-2023.
Operating Company
Business Services
Lessen
Scottsdale, Arizona, United States
Lessen makes caring for and improving real estate properties simpler, faster, and better through fully outsourced, on-demand property services for commercial and residential properties. Its One by Lessen platform connects clients with a network of vetted vendors, supports work orders and communications, and helps manage project costs and execution.
- Focus Areas
- PropTech / facilities service management software, Facilities maintenance, Property renovations and turns
- Website
- www.lessen.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
3 buyout
Lessen Acquisition Volume by Year
Last 2 years
Supporting Data
Recent Transactions
-
April 18, 2023
- Buyer
- Lessen
- Target
- Blue Skyre IBE
- Industry
- Professional Services
- Location
- Illinois, United States
- Type
- Buyout
Lessen, a tech-enabled property services provider, has acquired Blue Skyre IBE, a Chicago-based global facilities management and ESG solutions provider. The acquisition brings Blue Skyre IBE's leadership and ESG/facilities expertise into Lessen's platform to expand its commercial and residential facilities management capabilities and integrated technology offerings.
-
- Buyer
- Lessen, Monroe Capital, Värde Partners, Koch Real Estate Investments, Invitation Homes, American Homes 4 Rent, Fifth Wall
- Target
- SMS Assist
- Seller
- SMS Assist stockholders
- Industry
- Real Estate
- Location
- Illinois, United States
- Type
- Buyout
Lessen has acquired SMS Assist in a cash-and-stock transaction backed by roughly $500 million of new debt and equity financing from investors including Monroe Capital, Värde Partners and Koch Real Estate Investments. The combination creates a national, tech-enabled property services platform serving ~250,000 properties and processing ~2.5 million maintenance orders annually, with Lessen founder Jay McKee leading the combined company.
-
April 19, 2022
- Buyer
- Lessen
- Target
- EPM Build
- Industry
- Real Estate
- Location
- Tennessee, United States
- Type
- Buyout
Lessen, a venture-backed property services marketplace based in Scottsdale, Arizona, has acquired EPM Build, a Nashville-based single-family residence (SFR) maintenance and turnkey solutions provider. The transaction brings approximately 30 field project managers and supporting staff into Lessen to strengthen its field operations, expand market coverage, and accelerate revenue growth through Lessen's technology platform.
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