LP First Capital Leads Acquisition of Top 10 SFR Property Manager Northpoint Asset Management
01/29/24, 4:32 PM
Location
austinsalt lake cityIndustry
venture capital
real estate
LP First Capital, a business services-focused private equity firm, has announced the acquisition of Northpoint Asset Management, a top 10 national single-family rental property management company. The acquisition was completed in partnership with Genesis Park and Samson Capital Group. Northpoint Asset Management, headquartered in Salt Lake City, UT, will serve as LP First Capital's platform for strategic growth in the fragmented property management sector. The company is well-positioned for continued strong organic growth, and the management team will play an important role in identifying and integrating strategic add-on acquisitions that align with the platform's objectives.
Company Info
Location
Austin, Texas, United States
Company info
LP First Capital is a private investment firm with experience creating super-regional and national platforms by leveraging its expertise in mergers & acquisitions, profit center integration, and team building to drive performance. Headquartered in Austin, TX, LP First Capital maintains an active presence in much of the Southwest, Southeast, and Midwest markets as it continues to take interest in building best-in-class businesses within traditionally fragmented industries. Today, LP First Capital owns and operates 7 platform investments across commercial, consumer, and education services.