New York, NY — September 2025 — Property Control, a Vertica Capital Partners portfolio company and leading provider of software for homeowner associations and property management companies, today announced the acquisition of Condo Manager, a well-established platform serving condominium associations and community management firms across the United States.
The acquisition expands Property Control’s customer base, deepens its product capabilities in condominium-specific workflows, and reinforces its position as a leading technology platform for the community association management market.
A Natural Combination
Condo Manager has built a loyal following among condominium associations and the management companies that serve them, providing tools for financial management, violation tracking, work order management, and resident communication. The platform is known for its ease of use and strong customer relationships, particularly among mid-sized management companies operating portfolios of condominium communities.
The combination with Property Control brings together two complementary platforms, each with strengths in different segments of the community association market. Property Control’s capabilities in HOA governance, architectural review, and board management complement Condo Manager’s depth in condominium-specific financial and operational workflows. Together, the combined platform offers a more complete solution for management companies and self-managed communities of all types.
Executing the Growth Playbook
This acquisition is the first add-on transaction for Property Control since Vertica Capital Partners’ initial investment in June 2024. It reflects the strategic M&A approach that Vertica has successfully executed across its portfolio, including multiple acquisitions at ARMS in the public safety vertical and at Condo Control in the property management space.
Vertica supported the transaction from sourcing through execution, leveraging the firm’s M&A infrastructure and experience integrating software businesses in adjacent markets. The integration plan is designed to preserve the customer experience for both Property Control and Condo Manager users while unlocking cross-sell opportunities and shared product investments over time.
“The community association software market is large, growing, and still highly fragmented. Condo Manager is an excellent fit for Property Control — their customers love the product, and the combined platform gives management companies a more comprehensive solution. This is exactly the type of strategic acquisition we look to execute for our portfolio companies.” — Philip Vorobeychik, Managing Director and Co-Founder
About Property Control
Property Control is a leading provider of software for homeowner associations, condominium communities, and property management companies. The platform provides integrated tools for financial management, communications, compliance, and community operations. Property Control is backed by Vertica Capital Partners.
About Vertica Capital Partners
Vertica Capital Partners is a growth equity firm managing over $1 billion in capital focused exclusively on mission-critical vertical software and tech-enabled service businesses. For more information, visit www.verticacp.com.