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12/13/18
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MidOcean Partners, middle market private equity firm focused on the business services and consumer sectors, acquired Meyers Research LLC, a leading provider of data for the real estate industry. The Irvine-based firm was sold by Kennedy Wilson, its parent company.
In conjunction with its acquisition of Meyers, MidOcean also acquired Hanley Wood, a leading B2B media and information services company serving the U.S. residential construction industry, which simultaneously merged with Meyers. Kennedy Wilson re-invested $15 mil, a portion of its profits, into a minority investment in the newly combined company.
When Meyers and Kennedy Wilson joined forces in 2012, Meyers had 12 employees in one office with annual revenues of less than $2 mil. Since then, Meyers has grown to nearly 150 employees in 10 offices with annual revenues of approximately $16 mil.
During Kennedy Wilson’s ownership, Meyers Research launched Zonda, its flagship platform that provides housing market insights backed by real-time data. Zonda delivers historic trends and forecasts, quick insights, visual data storytelling tools, curated housing analysis and exportable data used by sales and marketing professionals, land acquisition executives, developers and institutional investors to make well-informed decisions about housing market needs and goals.
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