Houlihan Lokey Advises PropStream

Houlihan Lokey is pleased to announce that EquiMine dba PropStream has been acquired by Stewart Information Services Corp. (NYSE:STC) for $175 million. The transaction closed on November 15, 2021.

PropStream is the leading residential real estate data and analytics platform serving investors, realtors, real estate agents, brokers, and lenders. PropStream’s end-to-end software platform enables subscribers to identify leads, research properties, and market to prospects using integrated tools via its web-based portal and mobile application. PropStream’s proprietary analytics software and overlays power unique insights, ensuring subscribers stay ahead of the market. Since its founding more than 15 years ago, PropStream has been an innovator in aggregating, standardizing, and supplementing property data across multiple data sources, delivering the most comprehensive and up-to-date real estate data and value-added solutions to tens of thousands of subscribers.

Stewart Information Services Corp. is a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers™, and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, Stewart offers the comprehensive service, deep expertise, and solutions its customers need for any real estate transaction.

Houlihan Lokey served as PropStream's exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on its behalf. This transaction further demonstrates Houlihan Lokey’s leading position in advising analytics software providers and real estate technology companies and exemplifies Houlihan Lokey’s continued success supporting founder-owned businesses.