Casago, the Phoenix-headquartered vacation rental property management company, is acquiring Vacasa Inc. (NASDAQ: VCSA), a vacation rental management platform, at $5.02 per share.
Further operational and organizational details will be announced following the closing of the transaction. In addition to this transaction, the proptech plaform Roofstock announced plans to invest in and provide strategic guidance to the combined company.
“Casago has always been committed to delivering personalized, locally-empowered service to homeowners, and exceptional experiences to guests,” said Casago founder and CEO Steve Schwab. “We’re excited to merge with Vacasa, a company that shares our dedication to excellence. Together, we will strengthen our ability to deliver consistent service quality on a global scale, leveraging our combined resources and expertise to better serve our homeowners, guests and partners.”
Vacaso CEO Rob Greyber added, “This merger is a natural next step in Vacasa’s journey over the past year, sharpening our focus on owners, guests, and our local teams that take care of them every day. By combining with Casago, a company that shares our vision of locally-empowered, homeowner-focused property management, we’re accelerating our progress on that path. We are pairing national scale with local expertise, empowering entrepreneurial teams to set a new standard in vacation rental property management.”
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