RealPage recently announced acquisitions of Lease Rent Options (LRO) and Axiometrics for $300 million and $75 million, respectively. LRO’s revenue management platform and Axiometrics’ multifamily data and analytics offering consolidates RealPage’s position within the multi-family revenue optimization segment.
These deals represent RealPage’s largest acquisitions to date. Sizable prior deals include MyNewPlace ($74.9 million), NWP Services ($70 million), and Level One ($62 million).
Brief Transaction Details (LRO):
|Total Transaction Value (m)||$300.0|
|TTM Seller Revenue (m)||$35.6|
|TTM Seller EBITDA (m)||$10.0|
|TTM Revenue Multiple||8.4x|
|TTM EBITDA Multiple||30.0x|
Brief Transaction Details (Axiometrics):
|Total Transaction Value (m)||$75.0|
|TTM Seller Revenue (m)||$13.8|
|TTM Revenue Multiple||5.4x|
Seller Business Descriptions:
LRO: a developer of SaaS-based revenue management and profit optimization solutions for multi-family and hospitality companies. See Press Release
Axiometrics, Inc: Axiometrics, Inc. engages in conducting research on the U.S. apartment market. See Press Release.
Buyer Business Description:
RealPage, Inc. provides software and data analysis for the real estate industry in the United States.