Connexus and ASM merge, uniting 925,000+ real estate units under one platform
What's the deal? ConnexusDealroom has a profile for this one. Try Dealroom →, an AI-powered real estate procurement platform, has merged with Ancillary Services Management (ASM)Dealroom has a profile for this one. Try Dealroom →, a specialist in ancillary revenue and contract optimisation. The combined company will represent more than 925,000 units, aiming to help property owners cut costs and boost net operating income (NOI).
What each side brings: Connexus centralises contract management, RFPs, vendor management, insurance compliance and procurement across 7,000 properties. ASM brings decades of experience negotiating telecom, laundry and other revenue-generating contracts.
What's the endgame? The merged entity plans to offer a single, full-service solution spanning sourcing, bidding, negotiation, insurance compliance and ongoing contract management. The goal is to reduce inefficiencies that burden on-site and regional teams, freeing them to focus on occupancy, resident experience and asset value.
Why now? Real estate owners face mounting pressure to improve margins, manage rising costs and do more with smaller teams. "This merger is about giving real estate teams a smarter, more efficient way to strengthen their bottom line," said Andrew Smith, president of ASM.
What they're saying: "By combining Connexus' technology and data-driven platform with ASM's deep expertise in ancillary revenue, we are creating a powerful engine for improving profitability," said Devin WirtDealroom has a profile for this one. Try Dealroom →, co-founder and chief executive officer of Connexus.
The signal: The deal reflects a broader push to consolidate fragmented real estate operations — procurement, compliance and revenue generation — onto unified platforms. As operators chase margin under cost pressure, combining technology with contract expertise is emerging as a route to more sustainable financial performance.
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