Company Overview
Continuum Companies (“Continuum” or “the Company”), based in Conshohocken, PA, is an integrated platform company providing property management and associated residential services to HOA communities. Beginning in 2014, the Company’s founder and CEO, Marcus Mayo, acquired several property management businesses operating in the Philadelphia area. In 2019, Continuum was formed as a centralized platform to further consolidate the Company’s end markets by effectively leveraging economies of scale and technology. Since then, Continuum has experienced rapid growth and has become one of the largest property management and residential service companies in the Mid-Atlantic, serving nearly 700 communities and more than 100,000 doors across its 12 brands.
Situation
After successfully scaling the business and building a market leading platform, the Company sought a private equity partner to help accelerate Continuum’s ambitious acquisitive and organic growth strategies. With an extensive pipeline of acquisition targets and a goal of becoming the acquirer of choice in the HOA management and services space, access to additional capital and expertise was crucial for the execution of Continuum’s goals. The Company sought a partner with a strong reputation that would help bolster growth, allow a significant amount of equity to be rolled to participate in the “second bite of the apple,” and provide a liquidity event for some shareholders.
Solution
Continuum Companies selected and engaged Griffin as its exclusive investment banker to solicit interest from potential partners. Griffin worked with Continuum to identify and approach a highly targeted group of private equity investors and manage an expedited competitive process generating multiple proposals in a short period of time. The Company ultimately chose to partner with CIVC Partners, a private equity firm based in Chicago, IL. CIVC has extensive experience in the facilities services industry and has had tremendous success in accelerating growth for founder-owned companies. Marcus Mayo and other top management from Continuum will retain a significant equity stake in the business alongside CIVC.
For more information on this transaction, contact Thomas A. Hill, Managing Director, at 610.478.2034, C. Mitchell Smith, Vice President, at 610.478.2043, or Jeff R. Tallman, Associate, at 610.205.6013.
