Private equity firm Lovell Minnick Partners has purchased mortgage and property information provider Attom Data Solutions in Irvine, Calif., from Renovo Capital and Rosewood Private Investments.
Monroe Capital provided debt financing for the transaction, the terms of which were not disclosed.
“We look forward to the next chapter of our growth, supported by the experience and resources of Lovell Minnick Partners, as we further strengthen our position as the premier one-stop shop for high-quality real estate data,” Rob Barber, Attom’s CEO, said in a press release.
Attom’s offerings include property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data for more than 155 million U.S. residential and commercial properties. Its data is used by consumer-facing websites like Realtytrac.com, Homefacts.com and HomeDisclosure.com.
Mortgage, real estate, insurance and marketing companies license Attom’s data.
“Attom’s management team has generated strong organic growth and successfully pursued accretive strategic opportunities such as their acquisition of neighborhood data provider Onboard Informatics in early 2018,” John Cochran, a partner at Lovell Minnick Partners, said in the press release.
“We believe the company’s innovative technology platform, focus on superior data quality and customer service, and its recurring license revenue model position Attom extremely well for continued success in the space,” Cochran added.
Other companies Lovell Minnick Partners has invested in include CenterSquare Investment Management. Centersquare focuses on actively managed global real estate and infrastructure strategies.
LMP also has invested in J.S. Held, an advisory firm that provides property loss consulting and other services, and SRS Acquiom, a provider of technology used in private mergers and acquisitions.