Proptech Bricks + Agent swoops on rival Maintenance Manager as RACV, IAG join share register

Australia’s biggest property maintenance group Bricks + Agent has swooped on its largest rival Maintenance Manager in a buyout that gives RACV and IAG Insurance (ASX: IAG) a position on the company’s share register.

The acquisition makes Bricks + Agent the dominant player in Australia and New Zealand, giving it the clout to grow its foothold in the $21 billion property management market.

Maintenance Manager, a software platform that is hailed as a pioneer in the property management space, has been acquired from Home Trades Hub Australia – a company founded by RACV and IAG almost three years ago.

Read More: https://www.businessnewsaustralia.com/articles/bricks---agent-swoops-on-largest-rival-maintenance-manager-to-dominate-the-property-space.html