A private equity firm has scooped up Attom Data Solutions, a real estate data and analytics company that has spent years building a massive archive of property records.

Lovell Minnick Partners announced Tuesday that it had completed its acquisition of Attom, which has built what it describes as the “nation’s premier property database.” The database includes property records such as deeds, foreclosure filings, mortgage documents and other information. The database includes documents on more than 155 million properties. Attom’s goal is to make those records easier to include in apps and on websites, such as listing portals.

Attom, which is based in Irvine, California, was formerly known as RealtyTrac before rebranding in 2016. Last year, the company acquired another property database, launched a new API platform, and moved its records onto the cloud. The company works with other businesses and, though it may not be immediately recognizable to the average consumer, typifies the way tech companies are working to digitize the various stages of the real estate experience.

In 2017, Inman also recognized Attom for its innovation.

Lovell Minnick Partners acquired Attom from Renovo Capital and Rosewood Private Investments, though the companies did not provide financial details about the deal.

Rob Barber

Attom CEO Rob Barber said in a statement Tuesday that despite the acquisition his company remains focused on its core mission of “expanding our seamless end-to-end data platform to deliver greater value for our customers.”

“We look forward to the next chapter of our growth, supported by the experience and resources of Lovell Minnick Partners, as we further strengthen our position as the premier one-stop shop for high-quality real estate data,” Barber added.

Lovell Minnick Partners — which has offices in New York City, Los Angeles and Philadelphia — typically invests in financial service companies. The company has a track record of focusing on tech-enabled businesses and describes itself as adding “value by partnering with management teams to deploy growth strategies, cultivate and execute external growth opportunities, source and negotiate strategic transactions and foster valuable and lasting relationships.”

Jason Barg

In a statement Tuesday, Jason Barg, a partner at the equity firm, said his company is excited to team up with Attom, which has “an excellent reputation for leadership and innovation in the real estate data and information services market.”

John Cochran, also of Lovell Minnick Partners, praised Attom for having “generated strong organic growth.” He also said that Attom’s platform, customer service and “recurring license revenue model” leave it well-positioned for future success.

“We are eager to support management,” Cochran continued, “in executing their strategic plan to build the leading technology platform in the real estate data industry.”

Email Jim Dalrymple II

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription