Technology-driven real estate services firm Accurate Group accelerates growth

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Specific group, an Independence-based company that describes itself as a provider of “technology-driven real estate valuation, title data, analysis and electronic closing” services, completed its second acquisition in 2021 – and other transactions may be in progress.

The company announced in a Press release on Tuesday 23 November, which he bought EMerge Real Estate Solutions, which provides Broker Pricing Opinions (BPO) and other alternative valuation services. The terms were not disclosed.

Accurate Group said the acquisition of Fort Worth, Texas-based eMerge “enhances and deepens the company’s brokerage network nationwide” and will “enable it” to further leverage … the property inspection technology to generate value for all customers “.

An Accurate Group official said the company is not disclosing the size, in terms of employees or revenue, of eMerge.

This is the second acquisition for Accurate Group this year. The company acquired Coast to Coast Title & Escrow of Florida in May. At the time of the deal, an Accurate group official said the company had annual revenue of $ 140 million and, with the addition of Coast to Coast Title, around 440 employees.

In Tuesday’s statement, Accurate Group said it “is accelerating its growth plan following a significant strategic investment“in August by Novacap, a Canadian-based private equity firm. The precise terms of this investment were not disclosed. The companies said in a announcement of the investment that Novacap “is committed to creating world-class businesses and, with this partnership, aims to support Accurate Group with the capital and expertise necessary to further develop the business.” “

Paul Doman, president and CEO of Accurate Group, said in a statement that the acquisition of eMerge “comes at a time when we realize an unprecedented demand for the digitization of valuation, title, closure and compliance. With the investment and commercial support of Accurate Group. , and with increasing volumes in the services market, we expect eMerge to accelerate its growth rapidly. “

Doman said eMerge will operate as a stand-alone division of Accurate Group, which will retain the eMerge team, including its co-founder and CEO, Brandon Winters.

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