Talent and customer management solutions company Grace Hill has announced that private equity firm Aurora Capital Partners has agreed to acquire the company from investment funds managed by Stone Point Capital.

Moving forward, Aurora plans to facilitate the acceleration of Grace Hill’s growth and market reach, as well as strengthen its solutions and build out its customer management offering. Aurora’s support is set to help Grace Hill to further invest its software platform, optimize its service performances, develop efficiencies, and hone its best practices.

Dru Armstrong, chief executive officer at Grace Hill.
Grace Hill Dru Armstrong, chief executive officer at Grace Hill.

“Grace Hill’s acquisition marks an exciting opportunity to further bolster our core products and elevate performance for our clients through talent growth, resident and tenant retention, and reduced operational risk,” says Dru Armstrong, CEO at Grace Hill. “It is an honor and humbling that two highly regarded investment firms, Stone Point and now Aurora, have recognized our best-in-breed talent solution and our ability to drive client success in multifamily and commercial real estate. On behalf of the entire Grace Hill leadership team, we look forward to working closely with Aurora to build on our past achievements and elevate the solutions and level of support we deliver to clients.”

Grace Hill’s senior management team will help guide the acquisition process, as well as maintain and expand its existing business relationships. The company currently serves over 500,000 individuals across about 1,700 companies.

“Stone Point’s support helped us revolutionize the way the multifamily and commercial real estate industries manage talent and property performance,” says Kendall Pretzer, chief operating officer for Grace Hill. “We are excited to continue on that momentum and deliver even greater solutions and services to our clients.”