Shea & Company Advises Visual Lease on its Pending Acquisition by CoStar Group
Visual Lease Profile
- Visual Lease is a premier platform for integrated lease management, accounting and reporting, trusted by enterprises worldwide to navigate complex portfolios with precision and ease
- As the centralized system of record for all lease-related financial, operational and legal data, Visual Lease is purpose-built to support every team involved in managing a company’s leased and owned assets
- Visual Lease’s award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment and other leased asset records globally
- Visual Lease was founded in 1996 and is headquartered in Woodbridge, NJ
CoStar Group Profile
- CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics in the property markets, conducting expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information
- CoStar Group is the global leader in commercial real estate information, analytics and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities
- CoStar Group was founded in 1987 and is headquartered in Washington, D.C.
Spectrum Equity Profile
- Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy
- For over 30 years, the firm has partnered with exceptional entrepreneurs and management teams to build long-term value in market-leading internet-enabled software and data services companies
- Spectrum Equity was founded in 1994 and is headquartered in Boston, MA
Growth Street Partners Profile
- Growth Street Partners is a growth equity firm providing early capital to rapidly growing SaaS and technology-enabled services companies addressing underserved markets
- The firm has over $200 million of assets under management and seeks to partner with founders who have personally lived through the problems their businesses solve
- Growth Street Partners was founded in 2016 and is headquartered in San Francisco, CA
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Visual Lease and CoStar Real Estate Manager are driven by the same mission of integrating all lease management portfolio functions into one user-friendly platform. Bringing Visual Lease into the CoStar Group family will allow us to create the best possible experience for our customers. By combining CoStar Group’s resources and scale with Visual Lease’s diverse customer base, deep lease portfolio management expertise, and user-centric design, we are well positioned to offer a more comprehensive service offering and continue growing both nationally and internationally. Together, we will unlock new lease management capabilities to better serve our clients
Andy Florance
Founder & Chief Executive Officer, CoStar Group
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This marks an exciting new chapter for Visual Lease. This partnership with CoStar Group will allow us to propel our vision to even higher levels. I am incredibly proud of everything we have achieved since we began on this journey almost 30 years ago and am excited for all that is ahead
Marc Betesh
Founder & Executive Chairman, Visual Lease
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From its inception, Visual Lease has focused on helping companies optimize the value of their lease portfolios. This moment and next step forward with CoStar Group is a testament to our team’s dedication to this mission. Joining forces with CoStar Group will accelerate our growth, expand our offerings and even further enhance how we serve our customers
Robert Michlewicz
Chief Executive Officer, Visual Lease
- Visual Lease’s pending acquisition by CoStar Group was announced on October 22, 2024; financial terms were not disclosed
- Shea & Company served as the exclusive financial advisor to Visual Lease, Spectrum Equity and Growth Street Partners