United Real Estate Accelerates Growth Plans
McCarthy Capital invests in leading 100% commission real estate firm to fuel innovative model.
June 03, 2015 // Franchising.com // KANSAS CITY, MO - United Real Estate, a 100% commission urban real estate franchising company and division of United Real Estate Holdings, announced today that it has partnered with McCarthy Capital Fund V (“McCarthy Capital”) to more aggressively drive its rapid expansion. McCarthy Capital currently manages nearly $1 billion of investment capital across its portfolio specializing in helping grow strong businesses in partnership with existing management.
“The McCarthy Capital team brings a great deal of proven expertise to the table, helping us accelerate the realization of our long-term strategy and growth,” said Dan Duffy, Chief Executive Officer of United Real Estate Holdings. “With the track record that McCarthy Capital presents and the quality and experience of their group, we couldn’t have hoped for a better partner as we move forward.”
The growth capital enables United Real Estate to expedite its business growth strategies with excess liquidity and a strong balance sheet. Existing management is increasing its ownership as part of the transaction and will remain in place without exception.
“Investing in strong management teams and profitable business models with significant growth potential is core to our approach,” said Patrick Duffy, President of McCarthy Capital, who is not related to United’s Dan Duffy. “United Real Estate is positioned to capture substantial market share in the urban real estate brokerage space. We are thrilled to support Dan and his team as well as all of the affiliated United offices, brokers, and agents on this journey.”
“Redfin, Keller Williams, RE/MAX – many urban real estate companies have all played significant roles in the progression of the real estate industry,” said Dan Duffy. “While we appreciate the foundation that other market leaders have laid, we believe the urban real estate market is long overdue for change,” said Dan Duffy. “Agent and broker success is our foundation, and we’ll continue to operate a model that focuses on agent’s and broker’s profitability. The leadership team at McCarthy Capital saw an opportunity to accelerate our long-term plan and fit perfectly with the United culture. We will continue to enhance our programs to assist our offices, agents, and brokers in offering differentiated and advantaged services for their clients. We are very excited about this new chapter in our 90 year history.”
About United Real Estate
United Real Estate is the leading 100% commission model and fastest growing urban real estate company. The company has been an innovator in real estate marketing since 1925 with a unique, comprehensive advertising program. This exclusive program includes the highest ranked and largest portfolios of specialty lifestyle property marketing websites, the largest internal real estate advertising agency, an extensive buyer database of more than 550,000 opt-in buyers, and additional proprietary programs to advertise properties more broadly. For more information about United Real Estate, please visit www.UnitedRealEstate.com.
About United Real Estate Holdings
United Real Estate Holdings, operating the United Real Estate and United Country Real Estate brands, is the leading fully integrated network of conventional and auction real estate professionals globally. The two brands combined address the unique markets they serve, urban and rural, with exclusive marketing and technology solutions. United supports nearly 600 offices and 5,000 real estate professionals across four continents with a unique, comprehensive marketing program that includes one of the largest portfolios of real estate websites, the largest internal real estate marketing services company, an extensive buyer database, and international advertising of properties.
About McCarthy Capital Fund V
McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital. McCarthy Capital, headquartered in Omaha, NE, is focused exclusively on lower middle-market companies. For nearly 30 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information about McCarthy Capital, please visit www.mccarthycapital.com.
SOURCE United Real Estate
Public Relations Department