In a strategic acquisition, NAI Daus’ BPS MGMT Inc. division has acquired the Property Management Division of ASW Properties Ltd., an Akron-based property management and investment firm. BPS MGMT Inc.’s clients in Akron will benefit from increased services and the acquisition enables the company to effectively pursue additional business in the Akron market. By acquiring ASW Properties Ltd., NAI Daus and BPS MGMT Inc. gained additional talent and will also be making some new hires.
“This key acquisition of ASW Properties Ltd.’s property management assets is in-line with our mission and real estate service offerings,” says Bob Brehmer, Managing Partner of NAI Daus and Senior Vice President of BPS MGMT, Inc. “We’re now able to offer our existing and new clients additional property management services, particularly those pertaining to maintenance issues and emergency responses. BPS MGMT Inc. prides itself on efficient, effective delivery and our current Akron-area clients should notice an even greater level of service based on our new relationships.”
Talent acquired through the acquisition includes accounting personnel, paralegals, construction managers, student housing leasing specialists and maintenance professionals. These personnel have a valuable network of significant business relationships in the Akron community including corporate, entrepreneurial, academic and governmental decision makers.
As a testament to the improved strength of BPS MGMT Inc. after the acquisition, ASW Properties Ltd.’s Investment Division is now one of BPS’ largest clients. The company is pursuing additional commercial real estate property management opportunities in the general office, industrial, retail and student housing sectors operated by individual owners, institutions and lenders.
NAI Daus is currently researching locations for BPS MGMT Inc. new Akron office and plans to relocate the former ASW Properties Ltd. office, now part of BPS MGMT Inc., in late 2010. NAI Daus is working with its Akron-based brokerage affiliate, NAI Cummins, in locating this new office space.
For additional information about this acquisition please contact:
President, BPS MGMT Inc.