Communitas is a leading provider of HOA management and restoration services to residential communities across Florida, Illinois, Maryland/DC, South Carolina, Texas, California, and Pennsylvania. Caltius Equity Partners partnered with Communitas and its CEO, Paul Reyes, in 2023, seeing an opportunity to invest in a market leader with significant recurring revenues, long-term customer relationships, and multiple avenues for growth in a highly fragmented sector.
Michael Morgan, Caltius Equity Partners managing director, stated, “Paul and the Communitas team have built an outstanding platform in the HOA management space. It has been rewarding to support the Company’s growth through strategic acquisitions and operational enhancements, and we are confident the partnership with PHM Group positions Communitas well for its next phase of growth.”
Ryan Matthews, Caltius Equity Partners principal, commented, “Communitas was an excellent partner throughout our investment. The team executed on a clear strategy to grow through acquisitions in key markets while enhancing the service offering and expanding the Company’s geographic footprint. We are excited to see what the future holds for Communitas and PHM Group.”
Over the course of its partnership with Caltius, Communitas completed and integrated five acquisitions in strategically important markets, added senior leadership to support integration and reporting across its growing portfolio of management business units, enhanced its financial reporting capabilities, and drove organic growth initiatives across the platform.
“Caltius Equity Partners has been an exceptional partner as we have scaled Communitas over the past few years,” said Paul Reyes, CEO of Communitas. “Their support in executing our acquisition strategy and expanding our presence in key markets has been instrumental in positioning the Company for this exciting next chapter with PHM Group. We are grateful for the partnership with Michael, Ryan, and the entire Caltius team.”
William Blair acted as financial advisor, and Faegre Drinker and Matheson Law Partners acted as legal advisors to Caltius Equity Partners and Communitas.Caltius Equity Partners Announces Sale of Communitas