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LP First Capital Leads Acquisition of Top 10 SFR Property Manager Northpoint Asset Management

Jan 29, 2024•almost 2 years ago

Acquiring Company

First Capital

Acquired Company

Northpoint Asset Management

AustinSalt Lake CityVenture CapitalReal Estate

Description

LP First Capital, a business services-focused private equity firm, has announced the acquisition of Northpoint Asset Management, a top 10 national single-family rental property management company. The acquisition was completed in partnership with Genesis Park and Samson Capital Group. Northpoint Asset Management, headquartered in Salt Lake City, UT, will serve as LP First Capital's platform for strategic growth in the fragmented property management sector. The company is well-positioned for continued strong organic growth, and the management team will play an important role in identifying and integrating strategic add-on acquisitions that align with the platform's objectives.

Company Information

Company

First Capital

Location

Austin, Texas, United States

About

LP First Capital is a private investment firm with experience creating super-regional and national platforms by leveraging its expertise in mergers & acquisitions, profit center integration, and team building to drive performance. Headquartered in Austin, TX, LP First Capital maintains an active presence in much of the Southwest, Southeast, and Midwest markets as it continues to take interest in building best-in-class businesses within traditionally fragmented industries. Today, LP First Capital owns and operates 7 platform investments across commercial, consumer, and education services.

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