Grace Hill today announced that Aurora Capital Partners (Aurora), has agreed to acquire the company from investment funds managed by Stone Point Capital, LLC. Grace Hill is the innovator of talent and customer management solutions for commercial and multifamily real estate covering policies, training, assessment and surveys. Its platform is designed to drive property performance and reduce operating risk by developing and retaining property management talent and customers.
The injection of capital and insights will better position Grace Hill to scale effectively. Specifically, Aurora plans to facilitate an intentional acceleration of Grace Hill’s growth and overall market reach, strengthen its property performance solutions and build out its customer management solution.
“Grace Hill’s acquisition marks an exciting opportunity to further bolster our core products and elevate performance for our clients through talent growth, resident and tenant retention and reduced operational risk,” said Dru Armstrong, chief executive officer at Grace Hill. “It is an honor and humbling that two highly regarded investment firms, Stone Point and now Aurora Capital, have recognized our best-in-breed talent solution and our ability to drive client success in multifamily and commercial real estate. On behalf of the entire Grace Hill leadership team, we look forward to working closely with Aurora to build on our past achievements and elevate the solutions and level of support we deliver to clients.”
Read more/Source: PRNewswire
