Bricks + Agent, a leading proptech platform and the largest property maintenance platform in Australia and New Zealand, has recently acquired Inspection Manager, the region’s largest and most prominent inspections platform in the property management industry. This strategic acquisition aims to enhance Bricks + Agent’s capabilities by offering property managers the three essential services they require: invoicing, maintenance, and inspections. The enterprise technology seamlessly integrates into existing property management systems, enabling property managers of all sizes and sophistication levels to benefit from its features.
With this acquisition, Bricks + Agent now services one out of every two investment properties managed by property managers in the region. The combined portfolio of Bricks + Agent encompasses over 2,500 agencies, 1.2 million properties, 5.1 million owners and tenants, 60,000 tradespeople, 18,000 property managers, and over 13 million completed inspections.
This deal significantly expands Bricks + Agent’s client base, which already includes major players in the industry such as JLL, a Fortune 500 member, Meriton (Australia’s largest apartment builder), and Little Real Estate, owned by billionaire Paul Little.
By joining forces, the development teams of both companies will work together to expedite the development of features that revolutionize the way property managers work. They will also integrate the three platforms to provide a unified user experience across maintenance, inspections, and invoicing.
Carrie Vernon, co-founder of Inspection Manager, will continue to oversee the operations of the business while benefiting from an expanded product suite. The deal opens up new opportunities to serve mutual and collective clients.
Rafael Niesten, Co-founder of Bricks + Agent, expressed his enthusiasm about the acquisition, stating, “Both platforms naturally complement each other and share the ambition of facilitating smoother maintenance, inspections, and invoicing transactions for all stakeholders. Our growth aspirations are aligned, and we are both actively targeting the $21 billion property management Total Addressable Market. This acquisition allows us to focus on this goal.”
Bricks + Agent is known as a data powerhouse in the property technology sector. The acquisition strengthens their data landscape for property managers and enables them to accelerate their growth plans, reaching more property managers, social housing providers, homeowners, and tenants. The technology features advanced AI-powered smarts and workflows, a personal property management assistant named Jarvis, a simplified user interface, and business intelligence and insights.
Carrie Vernon, co-founder at Inspection Manager, explained that the acquisition aligns with their growth strategy, saying, “We view this as a rapid way to achieve our goals by expanding in the real estate and social housing space while continuously improving and enhancing the user experience across these critical property management elements. Finding a team like Bricks + Agent that shares our goal of creating effective tools for Property Managers is fantastic, as it allows us to work harder and faster in helping PMs regain more of their time.”
She further added, “The ongoing consolidation in the Proptech industry made it logical for us to merge and elevate our vision to the next level. The Bricks + Agent team will integrate these key technologies to create a seamless and integrated user experience, and our existing team is excited to work as part of a larger group to achieve more of our goals.”
“Bricks + Agent has remarkable technology, growth, and industry impact. We have enjoyed partnering with them, and now we look forward to collectively and collaboratively building the future of property management. It’s an exciting prospect.”
