Hidden Harbor Capital Partners LLC bought full-service property management company Wehner Multifamily LLC for an undisclosed sum.
Dallas-based Wehner provides management services to class B and C apartment communities and has more than 25,000 residential units under management across Texas and Oklahoma.
The lower-middle-market private equity firm, which finalized the acquisition in late August, plans to help Wehner scale its operations.
Financing for the deal was provided by Goldman Sachs Specialty Lending Group. Configure Partners and Robert W. Baird served as financing and buy-side advisers, respectively, to Hidden Harbor. The Dallas office of Corporate Finance Associates advised Wehner.
