M&A Deal Summary

CoStar Acquires STR

On October 1, 2019, CoStar acquired information technology company STR for 450M USD

Acquisition Highlights
  • This is CoStar’s 1st transaction in the Information Technology sector.
  • This is CoStar’s 4th largest (disclosed) transaction.
  • This is CoStar’s 12th transaction in the United States.
  • This is CoStar’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2019-10-01
Target STR
Sector Information Technology
Buyer(s) CoStar
Deal Type Add-on Acquisition
Deal Value 450M USD
Advisor(s) Silvermark Partners (Financial)
Baker, Donelson, Bearman, Caldwell & Berkowitz (Legal)

Target

STR

Hendersonville, Tennessee, United States
STR, Inc. is a provider of data benchmarking, analytics and marketplace insights. STR, Inc. was established in 1985 and is headquartered in Hendersonville, Tennessee.

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Buyer(S) 1

Buyer

CoStar

Washington, District of Columbia, United States
Category Company
Founded 1987
Sector Information Services
Employees6,152
Revenue 2.5B USD (2023)
DESCRIPTION
CoStar office in Columbia, Maryland.
CoStar office in Columbia, Maryland.

CoStar is a provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of products offers customers access via the Internet to the most comprehensive, verified database of commercial real estate information. CoStar was incorporated in 1987 and is based in Washington, DC.

DEAL STATS #
Overall 14 of 23
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 12 of 19
State (Tennessee) 1 of 1
Country (United States) 12 of 17
Year (2019) 2 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 Off Campus Partners

Charlottesville, Virginia, United States

Off Campus Partners LLC provides online multifamily marketplace service for student housing. Off Campus Partners simplifies the off-campus housing search process for universities, property managers, and students. Off Campus software platform powers the off-campus housing listing service at the nation's leading universities. Off Campus Partners LLC was founded in 2000 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Ten-X

Irvine, California, United States

Ten-X, Inc. is a provider of an online real-estate marketplace that allows individuals and investors to buy and sell residential and commercial real-estate properties using both desktop and mobile channels. Ten-X was founded in 2009 and is based in Irvine, California.

Buy $190M
Mergr

Product

Company

Legal