FirstPort will operate as a subsidiary of Emeria, with its existing management team remaining in place and reinvesting in the group.
FirstPort works with developers, investors, freeholders and over 1,300 Resident Management Companies (RMCs) to provide services to leaseholders. Equistone invested in the business in 2019 and since then has helped drive its significant growth, both organically and through a series of strategic transactions.
Through its sale to Emeria, which is owned (on behalf of its clients) by Partners Group, a leading global private markets firm, and TA Associates, a leading global growth private equity firm, FirstPort is joining the European leader in the residential real estate services market. Emeria operates across 500 branches in France under the Foncia brand and through a network of over 200 branches under various brands in the Benelux region, Germany, Portugal and Switzerland.
Following the completion of the acquisition, FirstPort will remain operationally independent, with no impact on the company’s customers, clients, employees or suppliers. The existing management team remains focused on continuing to deliver exceptional customer service and further progressing the expansion of FirstPort’s service offering.