Guardian Acquires Executive Asset Mgmt

ATLANTA—Guardian is expanding through acquisition. The commercial real estate firm acquired a controlling interest in Executive Asset Management (EAM), an Atlanta-based residential and commercial real estate management company. Financial terms of the transaction were not disclosed.

“Their reputation across the Loss Share industry is second-to-none, and we believe the combination of EAM and Guardian's AssetAdvisor division will offer banks much needed comprehensive portfolio management and disposition solutions that generate better results,” says Paul Brenneke, CEO of Guardian.

EAM is a full-service residential and commercial portfolio management company that has built a name for itself in disposition strategies, property management services, and rental solutions for FDIC Loss Share assets. Based in Alpharetta, GA, EAM has a national client base and has been responsible for the disposition of more than $2 billion since its inception. The company will merge EAM with Guardian's AssetAdvisor division, but continue to operate under the EAM name.

“The operational synergies between EAM and Guardian's AssetAdvisor, as well as the talented personnel at Guardian, will allow EAM to greatly expand our commercial asset management capabilities,” says Robert Vacco, who will continue to serve as COO of EAM. He's betting the merger will help EAM “create and deliver even more value to our existing customers, as well as secure new customers.”