Merrillville-based 119thStreet Capital announced its acquisition of Armada Analytics, a commercial real estate services provider.
South Carolina-based Armada Analytics offers underwriting, asset management, zoning, due diligence, engineering and insurance review. Founded in 2006, by Zack Devier, Armada Analytics provides services to commercial real estate investors, lenders and asset managers nationwide.
“Partnering with a firm like 119th was a natural next step in the evolution of Armada,” Devier said in a press release. “We identified 119th as our ideal partner for this transaction based on our shared values, and the resources and expertise that they can provide for the benefit of our clients and team members.”
119th Capital is excited to continue Armada Analytics’ growth trajectory alongside its existing management team.
“We feel that the cultural alignment we’ve found with 119th will be a key differentiator as we continue to scale our business, add additional service capabilities and attract and retain the world-class talent that delivers the service our clients expect of us,” Matt Lege, 119th Capital CEO, said. “In 119th, we’ve found a patient and thoughtful capital partner who values the services we provide and the people that provide them.”
119th Capital’s investment in Armada Analytics will provide financial and strategic resources for the continued growth of the business. Armada Analytics was advised by Tower Partners and Nelson Mullins. 119th Capital was advised by Seward & Kissel.
“Armada’s relationship based and people first business model is exactly what we look for in potential partners,” Anthony Contrucci, 119th Street Capital managing partner, said. “Our acquisition of Armada is an important milestone for both businesses, and we are excited for this partnership and embarking on this next chapter of growth.”
