Alfred Scales Up Residential Platform with HOM Acquisition
Building management platform Alfred acquired amenities provider HOM in an all -equity transaction. Both Alfred and HOM were founded in 2014 and are headquartered in Lower Manhattan. HOM operates in more than 300 multifamily and commercial buildings throughout the U.S. and Canada.
The acquisition is Alfred’s third since its founding and grows its reach to more than 160,000 apartments. It follows Alfred’s recent closing of $42 million in Series C funding.
“As the pandemic triggered dramatic changes in how we live, work, and interact, Alfred enabled residents to stay connected to the people and places they call home through our expanded resident-experience offerings,” said Marcela Sapone, CEO and co-founder of Alfred. “HOM brings the know-how that enables us to rapidly grow and scale our resident programs with partners on a national and international level.”
During the pandemic, HOM tripled its client base with its at-home wellness and fitness offerings.