CIP Capital Completes Investment in Community Investors
CIP Capital Completes Investment in Community Investors Growth-oriented, sector-focused private equity firm to invest in leading provider of SaaS-based solutions to the property management and homeowner association markets
CIP Capital Fund, L.P. (“CIP Capital”) has completed a platform investment in Community Investors, Inc. (“CII” or the “Company”). Community Investors is a leading provider of SaaS solutions to the property management and residential homeowner association (“HOA”) markets. CII’s software solutions enable its customers to streamline operations, communicate with homeowners and manage their security needs through an integrated, cloud-based web portal. In addition to HOAs, the Company provides software solutions to homebuilders and real estate agents.
“Today’s announcement represents a significant step in CII’s path towards creating an enterprise class platform that is unparalleled in the homeowner association market. Through our partnership with CIP Capital, CII will continue to expand its presence in our core verticals while heavily investing in technology in order to expand our product offerings,” said Tim Vollman, Chief Executive Officer of Community Investors. The existing management team of CII will continue to lead the Company going forward. The Company will be investing in next generation technology solutions and product development across each of its end markets while adding new service lines organically and through strategic acquisitions.
Justin Lipton, Managing Partner of CIP Capital, commented: “We are excited about partnering with the management team to accelerate growth with the leading property management and security software solution in the homeowner association market. We believe there is a unique opportunity to scale the business in the core community operations segment, while strategically evaluating adjacent markets through investments in the Company’s technology platform.” Scott Marden, Managing Partner of CIP Capital, added: “CIP is committed to investing in targeted businesses which provide best in class, integrated solutions for its customers. The CII investment fits squarely within CIP Capital’s Technology-Enabled Services sector focus and is a platform with a significant consolidation opportunity in a highly fragmented space.” Community Investors is the fifth platform investment for CIP Capital.
About Community Investors, Inc.:
Community Investors is a leading national provider of SaaS solutions to the property management and HOA markets. The Company’s products are sold across the lifecycle of an HOA community, beginning with the residential construction phase, during the sales process, and ultimately on a go forward basis through property management and community interaction solutions. CII provides a true end to end SaaS solution to property managers and HOAs, enabling its clients to run more profitable and competitive businesses. The Company is headquartered in Denver, CO with offices in Irvine, CA. For more information please visit: http://www.communityinvestorsinc.com/.