33 Holdings LLC today announced it has signed a merger agreement to acquire interest in Beers Housing Inc., a general contractor and a leading service provider in mortgage field services, maintenance, rehab, construction and development in the southeastern U.S. The deal is expected to strengthen 33 Holding's vertically integrated real estate platform executing value
"Joining 33 Holdings LLC is an incremental progression in our quest to build a world class mortgage field services and construction service business," said Chad Beers, founder & CEO of Beers Housing Inc. "As part of 33 Holdings LLC, we will be able to serve 33's existing portfolio, as well as attract new industry-wide clients. This is truly an exciting relationship for our customers, vendors and employees and will help position our business for strong growth in the future."
Sanjay Raghavaraju, founder & CEO of 33 Holdings, said the “investment in Beers Housing Inc. presents a great opportunity for 33 Holdings LLC to add a leading mortgage field services & construction services business to our platform.”
Under terms of the agreement, Beers Housing will operate under the Beers Construction Partners (BCP) name and under its current leadership. In addition, Heather Beers, managing partner of Beers Housing, will take on the role of chief operating officer at 33 Holdings & Beers Housing, helping integrate the two companies while ensuring value to Investors and clients over the next few months. Both Chad Beers & Heather Beers will join Corey Oldknow & Sanjay Raghavaraju as principals of 33 Holdings LLC.
Heather Beers said the cultures of the two companies are “very much aligned. Beers Construction Partners will remain a leading mortgage field services & construction services firm, now benefiting from the support of 33's significant financial and operational resources.”
33 Holdings specializes in real estate investment, acquisition, development, construction, and asset management across the southeastern U.S., with a concentration on primary and secondary markets. For more information, visit www.33holdings.com
Beers Construction Partners specializes in maintaining and adding value to bank and investor assets throughout the southeast by using a hands-on approach with a hybrid employee/subcontractor base model. For more, visit www.beershousing.com.
