Odevo, a portfolio company of Fidelio, has established itself in the US with KW Property & Management Consulting, a leading American property manager, joining the group. This marks both Odevo’s first step outside of Europe and its entry into the US, the world’s largest market for property management. The US will be Odevo’s fourth market entry.
KWPMC is one of the fastest-growing residential property managers in the U.S. with over 80,000 homes under management and 2,000 employees. It has an annual revenue of just over $140 million and an average organic growth rate of 18% over the last five years. KWPMC was founded in 2004 and today operates across the state of Florida, where it manages some of the state’s most prestigious developments.
With the addition of KWPMC, Odevo now has 3,800 employees, 590,000 homes under management, and revenue of $314 million – a thirtyfold increase over four years.
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