LRES acquires Keystone Asset Management – NMP
LRES Corp. has signed a definitive agreement to acquire Keystone Asset Management Inc., the companies said on Monday.
LRES Corp., a diversified REO / asset management and valuation firm based in Orange, Calif., Said the deal to acquire Pennsylvania-based Keystone Asset Management Inc. is expected to be finalized. ‘by September 1, 2021. The joint companies will operate under the LRES Corp brand.
“Keystone has been a well-known and respected player in the asset management / REO field as well as in the field of appraisal and valuation for over 20 years.
We know the management team well and have admired their growth, innovation and resilience. It was an easy decision to join forces, ”said Roger Beane, CEO of LRES.
Keystone founder Jane Hennessy said she and Beane had discussed “for a long time finding a way to align the forces”, and said they were both “delighted” to have made an agreement. “LRES brings an additional layer of level one delivery capabilities. It’s an exciting time for our team, ”she said.
Keystone CEO Ryan Hennessy said he has known the LRES team for many years. “The two companies have a lot in common, have enjoyed a great working relationship over the years, and present a terrific solution to REO and valuation ecosystems,” he said.
The Keystone acquisition complements LRES ‘continued commitment to expand its service solutions channel and the customers it serves. “Keystone brings tremendous talent and technological capability,” said LRES President Mark Johnson. “An exciting by-product of this union is that we now have a talented team located in the Eastern time zone.”
Based in Lansdale, PA, Keystone provides real estate appraisals, REO asset management, property tax advice, property preservation and insurance services. To find out more, click here.
Founded in 2001, LRES Corp. offers property valuation, REO asset management, HOA and commercial trustee solutions for the mortgage and real estate industry. To learn more about LRES, click on here.