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Pure Property Management Acquires Charleston-Based New Heights Property Management

Mar 01, 2022•over 3 years ago

Acquiring Company

PURE Property Management

Acquired Company

PURE Property Management

Los GatosLos Gatos

Description

New Heights Property Management announced today its acquisition by Silicon Valley-based PURE Property Management, the fastest growing profitable residential property management and technology company in the U.S. Eric Wetherington, New Heights Property Management's Broker, joins PURE's executive team as Vice President Strategic Initiatives.

Company Information

Company

PURE Property Management

Location

Los Gatos, California, United States

About

PURE Property Management is the fastest growing profitable residential property management and technology company in the U.S. Led by a team of experienced industry professionals and seasoned technology innovators, PURE acquires single-family residential property management companies and invests in their people and processes. By deploying technology and providing operational efficiencies, PURE enhances resident and investor experiences. For more information, visit https://purepm.co

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed