Washington, DC, February 21--Hanley Wood announced its intent to purchase Feasinomics, Inc., Florida's leading provider of housing data and consulting services.
The two parties are near final terms for the acquisition and seek to close on or around February 28, 2005.
With the addition of Florida, Hanley Wood now collects housing data in 13 of the top 25 housing markets in the U.S.
In business for 14 years, Feasinomics is recognized for providing reliable information and advisory services on the new home market to builders, developers, lenders, retailers and utilities. The housing industry uses Feasinomics information and consulting services to make critical business decisions on everything from new-home product planning, design and construction financing to using spatial analysis to provide strategic planning for market and infrastructure expansion.
"Since buying Meyers Group (renamed Hanley Wood Market Intelligence) last year, we've learned that data describing what's selling in different parts of the country is more valuable to builders and lenders than we thought," said Michael Wood, Hanley Wood CEO. "The Feasinomics acquisition adds Florida and is part of our plan to create a national footprint for our data business."
Michael Timmerman, founder and CEO of Feasinomics, along with his management team, will stay on to run the business. "We're extremely proud to become part of Hanley Wood," said Timmerman. "We are fortunate to find a partner that has similar views of customer satisfaction. I see a great fit culturally and know we share a vision for what our builder/lender customers expect from us in the future."
Feasinomics is headquartered in Naples, Florida. Feasinomics covers five of the markets in Florida and is widely recognized as the leading residential real estate data provider and consultancy practice in the state.
