Kelowna Condominium Services, Ltd.

Kelowna Condominium Services, Ltd. provides comprehensive management solutions for condominium and property owners, ensuring efficient operations and enhanced living experiences in residential communities. Founded in 1980 in Canada, Kelowna Condominium Services, Ltd. focuses on property management services.

The company was acquired by Associa, Inc. , a portfolio company of Summit Partners, in November 2014. The founder's history isn't provided, and there are no known changes in business operations or subsidiaries. The company specializes in delivering innovative property management solutions tailored to meet the needs of condominium associations.

Core offerings include management services that enhance operational efficiency and streamline processes for residential communities. These services are designed to address critical needs, providing effective oversight, maintenance, and support to ensure a high quality of living for residents. The company's revenue model is structured around service fees for management services, which are negotiated based on the size and needs of the property. Revenue is generated through subscription-based contracts with condominium associations, ensuring a steady flow of income as clients utilize the management services provided.

Specific financial figures for revenue are not disclosed. Kelowna Condominium Services, Ltd. plans to enhance its service offerings with new management software designed to improve operational efficiencies for clients, targeted for launch in 2025. The company aims to expand its operations into new Canadian provinces and select areas in the United States by 2026.

The acquisition by Associa, Inc. in 2014 is expected to support these initiatives through shared resources and expertise, although specific financial terms of the acquisition remain undisclosed.