In a move aimed at providing its clients in the commercial mortgage-backed securities (CMBS) industry with “more robust products,” New York-based data analytics firm Trepp LLC has acquired Investcap Advisors LLC, a privately held company based in Massachusetts.
Investcap provides web-based applications for U.S. CMBS loan and property surveillance.
Terms of the deal announced today were not disclosed.
The acquisition provides Trepp with additional commercial real estate expertise and technology resources that will reinforce its dominant position in the CMBS industry, according to company officials.
The acquisition also expands the range of commercial real estate loan and property surveillance products that Trepp can offer.
Investcap’s clients are expected to benefit from having Trepp’s rich CMBS data behind Investcap’s LoanAdvisor and CREDataXpress products.
Scott Barrie, founder of Investcap Advisors, will join Trepp as a managing director. Barrie has more than 25 years of experience in all aspects of lending, including commercial loan origination, underwriting, secondary marketing and workouts.
“We are constantly striving to increase the value of our services, and I am confident that our acquisition of Investcap is aligned with that objective,” stated Trepp CEO Annemarie DiCola in a press release.
“We have great respect and admiration for Investcap, and I look forward to leveraging their great real estate and technology expertise,” added DiCola.
Barrie is excited about joining the Trepp team. “Their client-service reputation and standards for excellence are second to none. I look forward to helping Trepp expand the depth and breadth of its offerings, and I welcome all of the additional benefits that Investcap clients will get, given the talent and scale of the Trepp organization.”
Andy Leibman, senior vice president of Trepp, said the strategic move makes sense on multiple levels. “There are great synergies between Trepp and Investcap that will enable us to provide our clients, and theirs, with more robust products and even higher levels of support.”