McCarthy Capital Fund V Invests in United Real Estate Holdings
Monday June 1, 2015 (KANSAS CITY, Mo.) –– United Real Estate Holdings, an international real estate franchising company operating under the United Real Estate and United Country Real Estate brands, announced today that it partnered with McCarthy Capital Fund V (“McCarthy Capital”) to continue its rapid expansion. McCarthy Capital currently manages nearly $1 billion of investment capital across its portfolio specializing in helping grow businesses in partnership with management teams.
“The McCarthy Capital team brings a great deal of proven expertise to the table and will help us accelerate the realization of the long-term strategy of both our companies,” said Dan Duffy, Chief Executive Officer of United Real Estate Holdings. “With the track record that McCarthy Capital presents and the quality and experience of their group, we couldn’t have hoped for a better partner as we move forward.”
The growth capital allows United Real Estate Holdings to operate with excess liquidity and a strong balance sheet to effectuate its business strategies. Existing management will remain in place without exception and will have increased ownership as part of the transaction.
“Investing in strong management teams is core to our approach,” said Patrick Duffy, President of McCarthy Capital, who is not related to United’s Dan Duffy. “United Real Estate is positioned to capture significant market share in the real estate brokerage space. We are thrilled to support Dan and his team as well as all of the affiliated United and United Country offices, brokers, agents, and auctioneers on this journey.”
“Redfin, Keller Williams, ReMax – many companies have all played significant roles in the progression of the real estate industry,” said Dan Duffy. “While we appreciate the work that other market leaders have done, we believe the real estate market is long overdue for change,” said Dan Duffy. “Agent and broker success is our foundation, and we’ll continue to operate a model that focuses on their profitability.”
About United Real Estate Holdings
United Real Estate Holdings, operating the United Country Real Estate and United Real Estate brands, is the leading fully integrated network of conventional and auction real estate professionals globally. The two brands combined address the unique markets they serve, rural and urban, with exclusive marketing, technology and training solutions. Together the United brands support nearly 600 offices and 5,000 real estate professionals across four continents with a unique, comprehensive marketing program that includes one of the largest portfolios of real estate websites, the largest internal real estate marketing services company, an extensive buyer database of more than 550,000 opt-in buyers, and regional, national and international advertising programs for properties. For more information about United Country Real Estate, please visit www.UnitedCountry.com and about United Real Estate at www.UnitedRealEstate.com.
About McCarthy Capital Fund V
McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital. McCarthy Capital, headquartered in Omaha, NE, is focused exclusively on lower middle-market companies. For nearly 30 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information about McCarthy Capital, please visit www.mccarthycapital.com.