Vintory Guides Another Buyer Through A Successful Acquisition
Vintory helps Current Tides double in size by successfully Acquiring Three Palms Vacation Rentals
FOR IMMEDIATE RELEASE
MARYLAND, USA – July 13, 2021 – Vintory’s Mergers and Acquisitions Group, experts in vacation rental industry negotiation and financial analysis, have successfully brokered the purchase of Three Palms Vacation Rentals in Orange Beach, Alabama to Current Tides. Current Tides’ acquisition of Three Palms Vacation Rentals includes over 34 short term rental management contracts, management of two Homeowners Associations and the purchase of their office location. Current Tides brings a wealth of yield and channel management, housekeeping and maintenance expertise and a track record of developing deep relationships with their homeowners, team and community partners.
“The fastest way to accelerate your vision as a professional property manager is through the strategic acquisition of a vacation rental management company that compliments your portfolio of properties,” said Dylan Burgess, Mergers and Acquisitions VP, Vintory. “Beyond the paperwork I’m happy to see the joined companies realize their goals together as Allen Johnson, owner of Three Palms will be staying on with Eric Thibodeaux, Regina Thibodeaux, Ryan Homan, Shari Homan, and Amy Ramirez, owners of Current Tides in a joint effort to deliver exceptional owner services and continue to build on their relationships with community partners.”
Vintory’s Mergers and Acquisitions Group was aware that Allen Johnson was looking to place the daily operations of Three Palms in the hands of an experienced owner that is dedicated to protecting and prolonging the investments of its homeowners. Vintory represented the buyer, Current Tides, and supported negotiations on both sides of the transaction to develop a strong connection between the parties to reach a win-win deal for everyone involved.
“Dylan and the Vintory group know the strategic value of making a deal that isn’t just good on paper, but also upholds the vision, values and goals of everyone involved,” said Eric Thibodeaux, owner of Current Tides. “We are looking forward to welcoming Three Palms homeowners into our portfolio as we work to elevate homeowner and guest experiences. We are dedicated to elevating the vacation rental industry through positioning vacation rentals as the preferred type of travel accommodations. It has been great to tap into Vintory’s expertise in advising on some of the key integration challenges we’ve faced as well.”
In addition to being laser focused on developing operational efficiencies that deliver the best value to homeowners, Current Tides is looking to continue to grow by appealing to new property owners in the area and pursuing future integration opportunities. The Current Tides team are presently focused on meeting every Three Palms homeowner to optimize their listing and enhance their revenue management strategy. Vintory and Current Tides worked closely together to facilitate a smooth as butter transition so that homeowners can leverage the busy travel season. Current Tides is passing back some of the efficiencies of scale back to their homeowners by reducing the management fee for Three Palms homeowners by 2%, showing their commitment to financial stewardship and securing a strong partnership with their new property owners.
About Vintory M&A Consulting Solutions
The Vintory M&A Group are experts in deal negotiations and financial analysis in the vacation rental industry. Vintory offers confidential consulting services to buyers looking to grow their business and helps to identify growth opportunities they may not have thought about or had access to. Vintory helps sellers achieve the exit strategy they are looking for with a buyer that is best positioned for a successful transition. Vintory works directly with their buyers and sellers on valuations, outreach, timing, contracting, identifying risks and more, from inception to closing.
If you’re looking to grow your business, or execute your exit strategy, visit https://www.vintory.com/ma-consulting-and-solutions/ to learn more.
About Current Tides
Current Tides specializes in Gulf Shores, Orange Beach, Fort Morgan and Perdido Key vacation rental properties. Current Tides is committed to exceeding the expectations of our property Owners. It is our standard to provide the highest quality service to our Owners while making the entire vacation experience for our guests as effortless, accommodating, and enjoyable as possible. Relationships are the key to our business.
Learn more about Current Tides: https://www.currenttides.net/property-management-services.asp