119th Street Capital (“119th”), an Indiana based family office with an exclusive focus on investments within the financial services industry is pleased to announce its acquisition of Armada Analytics (“Armada”), a premier provider of commercial real estate services.
Armada provides a comprehensive suite of services to its clientele, including underwriting, asset management, zoning, due diligence, engineering and insurance review. Founded in 2006 by Zack Devier, and owned and operated by Zack and Leigh-Anne Devier, Armada has become a leading provider of services to a broad spectrum of commercial real estate investors, lenders, and asset managers nationwide. Zack Devier said, “Partnering with a firm like 119th was a natural next step in the evolution of Armada. 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 is excited to continue Armada’s strong growth trajectory alongside its existing management team, including CEO Matt Legge, EVP Joel Willard, and EVP Michael Fissette. Matt Legge shared “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. In 119th, we’ve found a patient and thoughtful capital partner who values the services we provide and the people that provide them.”
119th’s investment in Armada will provide financial and strategic resources for the continued organic and inorganic growth of the business while preserving it’s best-in-class culture and client first service model.
“Armada’s relationship based and people first business model is exactly what we look for in potential partners,” said Anthony Contrucci, Managing Partner at 119th Street Capital. “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.”
Sellers were advised by Tower Partners and Nelson Mullins.
119th was advised by Seward & Kissel LLP.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
