MCS, a Lewisville, Texas-based national property services company, has acquired property preservation company Five Brothers Asset Management Solutions.
The Warren, Michigan-based Five Brothers will be integrated within MCS, with the combined entity offering property preservation, maintenance and renovation services throughout the country. The financial terms of the transaction were not disclosed.
Five Brothers provides regulatory-compliant default, rental and REO residential and commercial property preservation services, including services for the reverse mortgage sector. MCS delivers its suite of property preservation and related services to clients through a hybrid service model featuring 25 self-performing markets, 30,000-plus service partners and an industry technology platform.
“MCS has provided the highest standard of property preservation and related services for nearly 40 years, and the addition of Five Brothers elevates our capabilities and expands our resources even further,” said Craig Torrance, CEO of MCS. “With a 50-plus year history of delivering property preservation services, Five Brothers brings its own extensive track record of delivering outstanding service, solutions and technology that compliments the MCS services platform. We’re excited to bring together two strong company cultures centered around shared values and exceptional client servicing, along with a united commitment towards maintaining and beautifying neighborhoods across the country.”
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