PMI Meridian Management, a leading property management company based in Indianapolis, announced its acquisition of Capstone Association Management, a premier association management firm located in Sarasota, Florida. The company will be renamed PMI Capstone.
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This strategic acquisition marks a significant expansion for PMI Meridian Management into the Florida market and strengthens its position in the association management industry. The move combines PMI Meridian's extensive experience in property management with Capstone's expertise in Florida association management services.
Key highlights of the acquisition include:
- Leadership stability: Promotion of Danielle Leon to Director of Operations, Florida to ensure consistent client communication and services.
- Expanded Service Offerings: The merger will allow for a broader range of services, including specialized association management, accounting and financial management, and maintenance services.
- Geographic Expansion: PMI will now have a strong presence in the Sarasota area, complementing its existing operations in Indianapolis and Bloomington.
- Enhanced Technology: Clients will benefit from advanced management solutions and the latest technologies, streamlining processes for community associations of all sizes.
Lee Clouse, executive vice president, commented on the acquisition: "We are thrilled to welcome Capstone Association Management to the PMI family. This acquisition aligns perfectly with our growth strategy and allows us to bring our comprehensive property management solutions to the vibrant Florida market. We look forward to growing our client base and serving many more HOAs looking for a great company steeped in strong values.”
About PMI Meridian Management:
PMI Meridian Management is a full-service real estate company specializing in managing condominium and homeowner's associations, apartment properties, office buildings, and corporate facilities. Founded in 1988, PMI Meridian Management is known for its professionalism and commitment to improving cash flow while maintaining properties with a preventative maintenance philosophy.
About Capstone Association Management:
Capstone Association Management is a premier association management company based in Sarasota, Florida. The company is known for employing certified professionals and accomplished industry leaders to offer demonstrated solutions and advanced management services to associations of all sizes.
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Contacts
For more information or to request a management proposal, please contact:
Danielle Leon, Director of Operations, Florida, danielle@pmicapstone.com
Lee Clouse, Executive Vice President, lee@pmicapstone.com
