Proptech Firm Lessen Acquires Facilities Management Provider
The deal opens a door to ESG-related work for the company.
Lessen, a proptech firm with a property services platform, announced another acquisition: “Blue Skyre IBE, a global facilities management solutions provider.”
This will allow Lessen to “extend its offerings in facilities management and Environmental, Social and Governance (ESG) solutions,” the company said in a press release. Acquisition terms were not disclosed.
“Blue Skyre IBE Chief Executive Officer Maureen Ehrenberg and Chief Strategy & Product Officer Colette Temmink will join the Lessen leadership team,” the company continued. “Ehrenberg is now president of Lessen’s commercial division, which was formerly the commercial division of SMS Assist, acquired by Lessen in January 2023. … Ehrenberg is an internationally recognized real estate industry business leader, with more than 35 years of experience in business process transformation, strategic positioning and operations of large, complex portfolios. Before co-founding BSI, she was the Global Head of Strategic Real Estate Operations for WeWork.”
“Blue Skyre IBE offers integrated facilities management advisory, construction services, program management, and project management services that optimize real estate operations and asset performance,” the acquired firm explained on its website. That includes:
- Post-COVID 19 re-occupancy planning
- Technology and automated property workflow solutions
- Service delivery and organization design: in-house, out-source, and hybrid
- Cost optimization strategies
- Property service delivery
- Supply chain management, design, and diversification
- Environmental, Social and Governance (ESG) program development, and reporting
- Real estate construction project management
“This acquisition advances our goal of providing a game-changing, tech-enabled service model for the entire real estate ecosystem,” said Jay McKee, CEO of Lessen. “Lessen and Blue Skyre share a vision of leveraging technology to help shape the future of real estate for a better world, solving pain points, and replacing complexity with transparency and operational efficiency backed by data-driven insights. With this most recent acquisition, Lessen is uniquely positioned to transform commercial and residential real estate to the benefit of all the stakeholders.”
In January, Lessen announced what it described as a $2 billion acquisition of SMS Assist, which had cloud-based software for facilities maintenance. The figure was a valuation based on additional third-party equity investment that third parties made into the combined entity.
“The two companies will serve a national footprint of approximately 250,000 residential and commercial properties and facilitate approximately 2.5 million repair and maintenance orders per year – in tandem with bolstering a broader range of property services,” a press release at the time stated. “By merging the complementary strengths of both companies, Lessen will continue to tackle real estate’s pain points, providing its customers with a scalable, tech-enabled, enterprise solution for commercial and residential services.”