Accurate Group Announces the Acquisition of eMerge Property Solutions, Strengthening and Extending its Broker Price Opinion Offering and Industry-Leading Property Inspection Technology
Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics, and e-closing solutions, today announced the acquisition of eMerge Property Solutions, a market leader in supplying broker price opinions (BPOs) and other alternative valuation solutions. The acquisition of eMerge enhances and deepens the company's nationwide broker network and will allow Accurate Group to further leverage its industry-leading property inspection technology to drive value for all clients.
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Accurate Group is accelerating its growth plan following a significant strategic investment by Novacap, a leading North American private equity firm in August. This is the second acquisition for Accurate Group this year. The company acquired Coast to Coast Title & Escrow in May.
In addition to the acquisitions, Accurate Group continues to realize strong organic growth in both its appraisal management and title services divisions, driven by ongoing innovations to its Archer® technology platform.
"As we continue our growth trajectory, we are excited to welcome all eMerge employees and customers," said Paul Doman, president and CEO of Accurate Group. "Accurate Group has been reselling eMerge BPO solutions for many years, and we are excited to add the product as a direct offering on our Archer® technology platform. The acquisition comes at a time when we are realizing unprecedented demand for digitization of appraisal, title, closing and compliance services. With the investment and sales support of Accurate Group, and with the rise i servicing market volumes, we expect eMerge to accelerate its growth quickly."
Mr. Doman went on to state Accurate Group will enable the company to operate as a standalone division and retain the eMerge team, including eMerge's co-founder and CEO, Brandon Winters, who brings over 15 years of in-depth experience in the valuation space with a focus on BPO, Evaluation and Alternative Valuations. "I am very pleased that Brandon will continue to lead eMerge into the next phase by remaining CEO and know he will quickly become a key asset to our team.
"I am excited about the opportunity to lead eMerge as a division of Accurate Group," said Brandon Winters, co-founder and CEO of eMerge Property Solutions. "The timing of the transaction is perfectly suited to allow our combined businesses to take advantage of anticipated growth in both servicing and investor-driven transaction volumes."
Learn more about Accurate Group's next-generation Archer® appraisal management and title platform, the GroundWorks™ property inspection mobile app and the company's market-leading alternative valuation solutions.
About Accurate Group
Accurate Group is a real estate technology and services leader delivering technology-driven property appraisal, title data, analytics and digital closing solutions to banks, credit unions, servicers, non-banks, and capital market firms. By combining modern process automation, accurate data and innovative SaaS (News - Alert) and mobile technologies, Accurate Group provides its clients with the best combination of speed, quality, regulatory compliance, and price. With Accurate Group, the real estate finance community and consumers benefit from market-leading solutions that enable modern digital frameworks, improve accuracy, lower costs, and improve compliance across all types of real estate loans, mortgage-related assets, and real estate portfolios. Visit www.accurategroup.com.
About eMerge Property Solutions
eMerge Property Solutions is a next generation valuations company focused on leveraging proven analytics to empower our team of subject matter experts to mitigate risk for our clients. Our real estate products, tools and services generate reports designed to meet the valuation needs of servicers, lenders, and capital markets as well as anyone who requires fast, reliable, and cost-effective residential property valuations.
Founded in 1981, Novacap is a leading North American private equity firm with over C$8B of AUM that has invested in more than 100 platform companies and completed more than 150 add-on acquisitions. Applying its sector-focused approach since 2007 in TMT, Industries and now Financial Services, Novacap's deep domain expertise can accelerate company growth and create long-term value. With experienced, dedicated investment and operations teams as well as substantial capital, Novacap has the resources and knowledge that help build world-class businesses. Novacap has offices in Brossard, Québec and Toronto, Ontario. For more information, please visit www.novacap.ca.
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