M&A Deal Summary

Class Valuation Acquires Pendo

On September 8, 2021, Class Valuation acquired business services company Pendo

Acquisition Highlights
  • This is Class Valuation’s 4th transaction in the Business Services sector.
  • This is Class Valuation’s 5th transaction in the United States.
  • This is Class Valuation’s 1st transaction in Missouri.

M&A Deal Summary
Date 2021-09-08
Target Pendo
Sector Business Services
Buyer(s) Class Valuation
Deal Type Add-on Acquisition

Target

Pendo

Lee’s Summit, Missouri, United States
website
Pendo is a nationwide, technology-enabled appraisal management company serving the residential mortgage industry. The Company’s solutions assist residential mortgage lenders in managing the process of procuring property valuations required for the origination of mortgage loans. Pendo offers a differentiated appraisal process with dedicated client success teams, automated workflow, and experienced appraisers, translating into high-quality service for its highly diversified customer base. Pendo was founded in 2009 and is based in Lee’s Summit, Missouri.

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Buyer(S) 1

Buyer

Class Valuation

Troy, Michigan, United States

website

Category Company
Founded 2009
Sector Information Services
DESCRIPTION

Class Valuation is a provider of real estate asset valuation and appraisal management solutions to the residential mortgage industry. Class Valuation is based in Troy, Michigan.

DEAL STATS #
Overall 5 of 10
Sector (Business Services) 4 of 6
Type (Add-on Acquisition) 5 of 10
State (Missouri) 1 of 1
Country (United States) 5 of 10
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Synergy Appraisal Services

Troy, Michigan, United States

Synergy Appraisal Services is a technology-enabled appraisal management company (“AMC”) focused on providing regulatory-compliant appraisals to the nation’s largest mortgage lenders and originators. Synergy Appraisal Services is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 DataMaster

Layton, Utah, United States

DataMaster is a real estate appraisal software service provider selling access to MLS data and integration software to individual appraisers/staffing firms across the U.S. It drives efficiencies for appraisers by expediting the appraisal process via automation. DataMaster was founded in 1980 and is headquartered in Layton, Utah.

Buy -
Mergr

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