Association management is the industry we know best. We've worked on 20+ transactions in the space and bring rare, defensible expertise to AMC and HOA management owners and acquirers alike.
The HOA and association management market is large, highly fragmented, and increasingly attractive to institutional capital. For owners, that means more — and more sophisticated — buyers at the table. For acquirers, it means a window to build scale before the field consolidates.
Institutional buyers are moving in. Continuum Companies (backed by CIVC Partners) completed 13 HOA management acquisitions in 2024 — 32 add-ons since 2022. Other active acquirers include American Securities, Morgan Stanley Capital Partners, and Charlesbank Capital Partners. As these platforms compete for quality books, well-prepared sellers are finding a genuinely competitive market.
Frank Moneymaker has participated in 20+ transactions in the association management space as a buy-side advisor — so AMB understands AMC valuations, buyer rationales, deal structures, and transition risk first-hand. Very few M&A advisors have genuine AMC sector expertise.
We know exactly how AMC acquirers underwrite and where they push in diligence.
Our database of executed AMC transactions informs every CIM and deal strategy we run.
We protect retention and earn-outs through software migration and client handoff.
Not all AMC books are valued equally. These are the levers that separate a tuck-in price from a platform premium — and the ones we help owners sharpen before going to market.
CINC / Vantaca command premium multiples vs. legacy platforms like AppFolio or Jenark.
>90% retention signals a sticky book; below-average retention compresses the multiple.
Top-5 customers under 15% of revenue reduces post-close churn risk.
A Head of Operations and Head of Client Accounting de-risk transition and protect earn-out.
>$400K EBITDA opens up PE platform bidders; below tends to attract tuck-in buyers.
Operating & reserve deposits with national partner banks unlock additional revenue streams.
Whether you're considering a sale in the next few years or looking to acquire, we'll give you a straight read on the market.
