According to their news, the influx of capital further enables Value Place for accelerated growth. Accordingly the follow on investments will go toward adding no less than 50 new company locations.
The Value Place executive team finalized this deal back in December of 2012. Going forward, the existing top executive leadership of Founder Jack DeBoer will continue as the firm expands. Weber offered this statement on the deal:
“Our relationship with Lindsay Goldberg is an important part of our growth strategy. Lindsay Goldberg has a reputation for making long-term investments in companies with extraordinary potential for growth and financial performance. Their endorsement of Value Place sends a strong message about the potential for Short-Term Residential Property development and is further validation of the company’s highly efficient operating model, Brand and value proposition.”
Meanwhile, Value Place celebrates the opening of their 181st unit located in Odessa, TX. Other new locations at College Station, TX, Dickinson, ND and Manassas, VA are slated to open later in 2013.
For more information about this transaction, please visit the original press release or the prescribed links above.