M&A Deal Summary

FastStart Real Estate Services Acquires New Homes Realty

On December 8, 2008, FastStart Real Estate Services acquired real estate company New Homes Realty from Alta Equity Partners

Acquisition Highlights
  • This is FastStart Real Estate Services’ 1st transaction in the Real Estate sector.
  • This is FastStart Real Estate Services’ 1st transaction in the United States.
  • This is FastStart Real Estate Services’ 1st transaction in Florida.

M&A Deal Summary

Date 2008-12-08
Target New Homes Realty
Sector Real Estate
Buyer(s) FastStart Real Estate Services
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition

Target

New Homes Realty

Tampa, Florida, United States
New Homes Realty is in assisting relocation buyers in the purchase of newly constructed homes, with a secondary emphasis on the existing home market.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer
DESCRIPTION

RealEstate.com is one of the most recognized addresses in the online real estate category, with consistent organic traffic and significant potential for further growth. The acquisition includes the RealEstate.com website, as well as a national network of more than 250 participating brokerage companies and hundreds of other real estate domains that Market Leader expects to put to work for its real estate professional customers.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


DEAL STATS #
Overall 35 of 45
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 30 of 36
State: Florida M&A 3 of 5
Country: United States M&A 33 of 43
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Marathon Media

Chicago, Illinois, United States

Owns Midwest and northwest regional clusters of AM & FM radio stations. Marathon is led by Chris Devine and his management team to acquire and operate radio stations in smaller markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-11 Mr. Youth

New York, New York, United States

Mr. Youth is a social marketing company as the antidote to consumer burnout with traditional media. Mr Youth works with some of America's brands, including Nike, Macy's, Microsoft, Staples and T-Mobile to engage their consumers using the modern media mix of word-of-mouth, social interactive and experiential marketing.

Buy -