M&A Deal Summary

Altus Group Acquires Reonomy

On November 11, 2021, Altus Group acquired information services company Reonomy for 202M USD

Acquisition Highlights
  • This is Altus Group’s 1st transaction in the Information Services sector.
  • This is Altus Group’s largest (disclosed) transaction.
  • This is Altus Group’s 3rd transaction in the United States.
  • This is Altus Group’s 1st transaction in New York.

M&A Deal Summary
Date 2021-11-11
Target Reonomy
Sector Information Services
Buyer(s) Altus Group
Deal Type Add-on Acquisition
Deal Value 202M USD

Target

Reonomy

New York, New York, United States
website
Reonomy is a CRE data and analytics provider leveraging artificial intelligence and machine learning technologies to empower real estate industry professionals with data-driven insights and solutions to gain comprehensive market knowledge, discover opportunities, and automate workflows. Reonomy was formed in 2013 and is based in New York, New York.

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Buyer(S) 1

Buyer

Altus Group

Toronto, Ontario, Canada

website

Category Company
Founded 2005
Sector Real Estate
Employees2,700
Revenue 625M CAD (2021)
DESCRIPTION

Altus Group provider of independent real estate consulting and professional advisory services worldwide. With a staff of more than 1,700, Altus Group has a network of more than 70 offices in 14 countries worldwide, including Canada, the United Kingdom, Australia, Asia and the United States. Altus Group was incorporated in 2005 and is based in Toronto, Canada.

DEAL STATS #
Overall 6 of 8
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2021) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 StratoDem Analytics

Cambridge, Massachusetts, United States

StratoDem Analytics is a provider of cloud-based platform integrates vast amounts of granular local demographic and economic datasets to generate predictive models and analytical tools that enable clients to better understand the factors influencing the market and build more accurate models and forecasts. StratoDem Analytics was founded in 2015 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-01 Rethink Solutions

Toronto, Ontario, Canada

Rethink Solutions is a developer of property tax and real estate expense management software. The software enables customers to centralize property tax data, automate processes with configurable integrations, and includes built-in data management tools, intuitive dashboards, and reports related to managing assessments, payments and tax appeals. Rethink Solutions was founded in 2001 and is based in Toronto, Ontario.

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