Sources close to the negotiations have confirmed to DS News that Concentric Equity Partners (CEP), owners of Mortgage Contracting Services (MCS), Asset Management Specialists (AMS), and Vacant Property Specialists (VPS) has agreed in principle to purchase CoreLogic's Property Preservation and Valuation divisions.
The deal is set to be finalized in the coming days and represents the latest in a series of strategic acquisitions for CEP to expand its growing footprint in the field services sector.
In August of last year, CEP announced the formation of a holding company to bring MCS, AMS, and VPS under common ownership. In addition to her role as MCS CEO, Caroline Reaves was named CEO of the holding company.
MCS is a nationwide provider of property inspections, property preservation and real estate owned (REO) property maintenance for the financial services industry. AMS is an industry leader …