St. Charles-based real estate technology startup Transactly has expanded with an acquisition, the latest in a string of M&A deals it has made to expand its team and the scope of its business.
Transactly has acquired TC Solutions LLC, a real estate transaction coordination firm based in King County, Washington. Financial terms of the deal were not disclosed.
Founded in 2017, Transactly provides agents and brokerages with tech-enabled transaction coordinators and services to assist in processing and closing real estate transactions. It says its technology and staff help agents save up to 16 hours of time per real estate transaction. The startup was born out of founder and CEO Bryan Bowles’ experience as the founder of local real estate firm Worth Clark Realty.
Transactly’s buyout of TC Solutions is one of several it has made in recent years to expand its transaction coordination services for real estate agents and brokers. It made a pair of acquisitions earlier this year to establish a newly launched business unit, Connect, which focuses on providing homebuyers with a streamlined way to set up home utilities and services.
As part of its latest acquisition, TC Solutions owner Genny Lee Harmon will join Transactly, along with other employees. Transactly did not disclose the number of employees joining from TC Solutions.
“We are happy to welcome Genny Lee Harmon and TC Solutions onto the team here at Transactly,” said Bowles. “Genny has built a great team of talented coordinators at TC Solutions. This acquisition significantly increases our ability to serve agents, teams, and brokerages in the larger market of Washington state.”
Transactly says its revenue more than tripled year over year in 2021. The company did not disclose specific revenue figures. Since its founding, Transactly has raised $13 million, including a $4 million Series A funding round in October 2021.
