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Completed

Accel-KKR completed the investment in PropLogix.

Financials

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Transaction Value-
Consideration TypeCash
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EV/EBITDA-
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Private Equity

Friendly

Minority

United States

Digital Services

Acquisition

Domestic

Single Bidder

Completed

software services

due diligence

Private

Synopsis

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Accel-KKR, a technology-focused private equity firm, completed the investment in PropLogix, a provider of tech-enabled due diligence services and software intended for closing professionals. Financial terms were not disclosed. “Fast forward a decade later, PropLogix is a technology-first leader in title due diligence, and we continue to see substantial growth year-over-year as thousands of customers fall in love with the benefits of efficiencies, speed and accuracy gained from using our proprietary software and digital services. The real estate market is still in the nascent stage of digital transformation, so we are very excited about partnering with Accel-KKR and tapping their software experience and significant resources to capitalize on the industry growth," Jesse Biter, PropLogix CEO.

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