LOS ANGELES, May 4, 2021 /PRNewswire/ -- Aurora Capital
Partners ("Aurora"), a leading middle-market private equity firm,
today announced that it has acquired Grace
Hill (the "Company"), a leading provider of comprehensive
talent performance and customer experience software-driven
solutions for the real estate market, from investment funds managed
by Stone Point Capital LLC ("Stone
Point"). Terms of the transaction were not disclosed.
Grace Hill provides the
industry's only talent and performance management solutions
covering policies, training, and assessment. These solutions
are designed to develop and retain top property management talent,
to drive improved property performance, and to reduce operating
risk.
"We are thrilled to partner with Dru
Armstrong, Kendall Pretzer,
and their team through the next phase of Grace Hill's growth," said Rob Fraser, Partner at Aurora. "The management
team has created an integrated multi-product platform that sets the
foundation for accelerated expansion going forward. As a true
market leader with excellent stability characteristics and
significant growth potential, Grace
Hill is well-suited for Aurora's buy, build, and partner
strategy."
"Aurora has an exceptional track record of partnering closely
with management teams to accelerate growth prospects," said
Dru Armstrong, Chief Executive
Officer of Grace Hill. "Over the past few years, in partnership
with Stone Point, Grace Hill has been fortunate to continue to
grow our business and build stronger partnerships with our
customers. We look forward to leveraging Aurora's deep expertise
and hands-on experience to build upon our significant
momentum."
Headquartered in Greenville, South
Carolina, the Company serves roughly 75% of leading
multifamily property operators, affordable housing managers and
commercial office owners and managers. More than 500,000
professionals and 1,700 companies nationwide rely on Grace Hill's suite of solutions.
"Our mission is to help the multifamily and commercial real
estate industries develop their talent base to elevate
performance," said Kendall Pretzer,
Chief Operating Officer for Grace
Hill. "Partnering with Aurora will allow us to further
enhance our product offerings and better serve our existing and
future customers."
Aurora's investment in Grace Hill follows its recently announced
acquisition of Curtis Bay, and represents the fourth investment
from Aurora Equity Partners VI, which was activated in September.
Grace Hill is the latest Aurora
portfolio company offering software-driven solutions, including
additional platform investments in Zywave and FMG Suite in the past
year.
William Blair acted as exclusive
financial advisor to Grace Hill on the transaction. Baird acted as
exclusive financial advisor to Aurora on the transaction.
About Aurora Capital Partners
Aurora Capital Partners
is a leading private equity firm focused principally on control
investments in middle-market companies with leading market
positions, stable industry dynamics, attractive business model
characteristics and actionable opportunities for growth in
partnership with management. Aurora provides unique resources to
its portfolio companies through its Strategy & Operations
Program and its team of experienced operating advisors. Aurora's
investors include leading public and corporate pension funds,
endowments and foundations active in private equity investing. For
more information about Aurora Capital Partners, visit:
www.auroracap.com.
About Grace
Hill
Grace Hill
provides technology-enabled talent performance solutions that help
owners and operators of real estate properties increase property
performance, reduce operating risk and grow top talent. Its
industry-leading solutions covering policy, training, assessment,
and data-driven insights are bolstered by years of real estate
experience, in-depth service-level expertise and outstanding
customer support. Today, more than 500,000 real estate
professionals from more than 1,700 companies rely on talent
performance solutions from Grace
Hill. Visit us at gracehill.com or on LinkedIn.
Aurora Media Contacts
Steve Bruce / Taylor Ingraham
ASC Advisors
203-992-1230
sbruce@ascadvisors.com / tingraham@ascadvisors.com
View original
content:http://www.prnewswire.com/news-releases/aurora-capital-partners-acquires-real-estate-software-solutions-provider-grace-hill-301283527.html
SOURCE Aurora Capital Partners