MINNEAPOLIS, Minn., April 8, 2024 /PRNewswire/ -- RowCal, a rapidly growing national provider of homeowner association (HOA) property management services, announced today the strategic acquisition of Del Val Realty & Property Management and Del Val Maintenance (Del Val), a leading Philadelphia-based property management firm. This expansion marks RowCal's entry into the Pennsylvania market and strengthens its position as a national leader in HOA management.
Founded in 2006, Del Val has become a leader in rental property management, HOA/COA management, and maintenance services in the Philadelphia area over the last 18 years. Del Val currently manages over 5,000 properties with a dedicated team of 40 employees.
Under the agreement, Del Val will maintain independent operations while benefiting from RowCal's support and resources. This will allow Del Val to leverage RowCal's advanced technology and expertise to further elevate the services they provide to their clients.
"We are thrilled about this acquisition and believe it will allow Del Val to continue growing and provide our clients with an even higher level of service," said Mike Lautensack, President of Del Val.
Headquartered in Minneapolis, Minn., RowCal is a provider of homeowner association (HOA) property management services, offering a comprehensive solution to better manage and maintain HOA communities.
RowCal currently serves markets in Minnesota, Colorado, New Hampshire, Massachusetts, Illinois, Tennessee, California, and Texas and has scaled rapidly through market-leading organic growth and strategic add-on acquisitions.
The company’s differentiated approach, which leverages advanced technology, a robust team of experts backing each community we manage, and an integrated care team to enhance the customer experience, has enabled RowCal to quickly emerge as a leading and trusted provider in the space since inception.