Grace Hill, a provider of technology-enabled performance solutions for real estate owners and operators, has acquired two businesses that will help its multifamily and commercial clients optimize employee potential and revenue. Joining the firm are Edge2Learn, an e-learning company providing training and policy management solutions for the multifamily industry, and Ellis Partners in Management Solutions, a provider of mystery shopping as well as resident and employee survey solutions. Financial terms of the acquisition were not disclosed.
“Edge2Learn and Ellis share our commitment to developing best-in-class training, mystery shopping, and management solutions to help leading operators and owners increase property performance, reduce operating risk, and grow and develop employees,” said Grace Hill CEO Kendall Pretzer. “By bringing our resources together, we will create a clear leader in the industry, enabling us to further deliver on our mission to improve employee performance and development while delivering important insights to owners and operators.”
Edge2Learn and Ellis have a deep stable of content with over 600 online training courses that serve multifamily communities, including conventional, affordable, student, and senior markets. According to Grace Hill, the combined company “will provide a next-generation employee and property intelligence platform that maximizes an employee’s potential and a company’s bottom line.”
“This combination will allow us to leverage the best of both companies,” said Francis Chow, co-founder and chief strategy officer at Edge2Learn and Ellis. “Together, we will combine the best talent and integrated solutions to provide exceptional service to our customers with an expanded product portfolio, all while investing in new and innovative solutions to continue to address our customers’ most critical operating challenges.”
Massumi + Consoli and Gibson, Dunn & Crutcher served as legal advisers to Grace Hill on the transaction.
