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EasyKnock acquires HomePace to expand its home equity solutions platform

May 14, 2024•over 1 year ago

Acquiring Company

Easy Knock

Acquired Company

HomePace

New YorkPark CityReal EstateCommerce and ShoppingFinancial ServicesLendingReal EstateFinancial Services

Description

EasyKnock, the country’s first home equity solutions platform, has acquired the assets of home equity investment firm HomePace, enhancing the company’s complementary suite of products and services that give consumers alternative ways to buy and sell, finance new homes, and use their equity. The addition of HomePace establishes EasyKnock as the optimal, one-stop destination for American homeowners in need of financial solutions and services.

Company Information

Company

Easy Knock

Location

New York, New York, United States

About

EasyKnock is the first technology-enabled residential sale-leaseback company in the U.S. Through its innovative products, EasyKnock provides American homeowners new, unique solutions to convert the equity in their home by selling their property to EasyKnock while being able to stay in the home as a renter. EasyKnock’s programs offer flexibility and control, providing proceeds and time to help customers achieve their goals. Headquartered in New York City, EasyKnock currently provides its innovative financial products to homeowners across the U.S.

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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