Covius, an upstart offering outsourced advisory services to the residential and commercial real estate finance industries, financial institutions, government-sponsored enterprises, the Fortune 500 and other organizations, has acquired the Global Real Estate Services group (GRES) of RR Donnelley & Sons.
Terms of the deal were not divulged.
The newly formed entity will continue to provide commercial and residential real estate advisory products and services to the financial markets. What's more, the company will continue to maintain offices in Atlanta, Los Angeles and Salt Lake City.
As per a press release, Edward Feighan will serve as CEO, and Joseph Little will serve as president of the newly formed company. In addition, Keith Gettmann and Doyle Spears will serve as senior managing directors.
As per the release, Feighan is a former congressman who served 10 years in the U.S. House of Representatives. He is also a successful entrepreneur with a track record of building numerous profitable companies. Highly regarded in the government community and in private equity, he has served at the highest levels of executive management with insurance specialty companies, including having served as CEO of ProCentury.Â
Little is the former CEO of Real View Capital, where he helped build a profitable residential mortgage acquisition platform. Prior to that, he worked for 17 years at several Wall Street investment banks, serving in various executive management positions.
"Through this transaction, we have the good fortune of acquiring an industry-leading real estate advisory services company with a superior management team, each having a minimum of 20 years of relevant experience." Little says. "The real estate market has experienced profound changes in the last few years. Our clients, now more than ever, continue to come back to us as a trusted source of intelligence to navigate the new and evolving landscape. This is where our experience and trust matter the most."