CHARLOTTESVILLE, Va., Jan. 14,
2025 /PRNewswire/ -- Quad-C Management, Inc.
("Quad-C"), a leading middle market private equity firm, has
completed the sale of @properties to Compass, Inc. ("Compass";
NYSE: COMP).
@properties is a Chicago-based
real estate services company that owns and operates real estate
brokerage firms in seven states, multi-state title and mortgage
companies, and the Christie's International Real Estate network.
Christie's International Real Estate is a global luxury real estate
network with over 100 independently owned brokerage Affiliates in
almost 50 countries and territories.
Tim Billings, Quad-C Senior
Partner, commented, "We are very proud of what we have accomplished
in partnership with the @properties team. Together, we grew revenue
by approximately 250%, opened 20 new offices, completed six
acquisitions including the Christie's International Real Estate
Network, expanded title and mortgage services and made significant
investments in @properties' technology, marketing and training
platforms. Since founding this business in 2000, Co-CEOs
Thad Wong and Mike Golden have been committed to providing
exceptional customer service and leveraging technology to improve
the experience for both agents and clients. It was a pleasure
to partner with @properties through such an exciting period in
their growth trajectory and we wish them continued success."
Mike Golden, @properties Co-CEO,
added, "We want to thank the Quad-C team for their strategic
support over the last several years. This represented @properties's
first institutional partnership and, together, we significantly
transformed the business and drove tremendous growth while staying
committed to our company's values and vision. We look forward to
our next stage of growth and our partnership with Compass."
The partnership with Compass will allow the combined company to
continue to empower the company's agents and independent
broker-owner entrepreneurs around the world who are affiliates of
Christie's International Real Estate. Together, these
companies will provide unparalleled resources and support
to help everyone succeed and deliver exceptional client
experiences.
Thad Wong, @properties Co-CEO,
commented, "Compass shares our commitment to enhance the real
estate industry through technology, marketing, and exceptional
service and to embrace the local, independent broker through the
Christie's International Real Estate and @properties brands. This
is a very complementary union that respects our unique brands and
empowers agents to provide an even better experience for the
clients they serve."
About Quad-C Management
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle
market private equity firm focused on investing in established
business services, industrials and healthcare companies. In its
three-decade history, Quad-C has invested over $4 billion of capital in 84 platform companies
and over 385 add-on acquisitions. The Quad-C team is committed to
partnering with entrepreneurs and management teams to accelerate
growth and create long-term value. For more information, please
visit www.quadcmanagement.com.
About @properties
@properties is a Chicago-based
real estate services company that owns and operates real estate
brokerage firms in seven states, multi-state title and mortgage
companies, Proper Title and Proper Rate, and the Christie's
International Real Estate network. @properties is also the creator
of pl@tform™, a proprietary brokerage-technology software that
enables agents to digitally manage all aspects of the client
relationship and real estate transaction through one fully
integrated system. Since its start in 2000, the company has been
led by co-founders and co-CEOs, Thad
Wong and Mike Golden. For
more information, visit www.atproperties.com.
About Compass
Compass is the largest residential real estate brokerage in
the United States by sales volume.
Founded in 2012 and based in New York
City, Compass provides an end-to-end platform that empowers
its residential real estate agents to deliver exceptional service
to seller and buyer clients. The platform includes an integrated
suite of cloud-based software for customer relationship management,
marketing, client service, brokerage services and other critical
functionality, all custom-built for the real estate industry.
Compass agents utilize the platform to grow their business, save
time and manage their business more effectively. For more
information on how Compass empowers real estate agents, one of the
largest groups of small business owners in the country, please
visit www.compass.com.
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SOURCE Quad-C Management, Inc.