Unity Partners LP has acquired The Byng Group to support its geographic expansion and implement an Employee Purpose Plan, enhancing employee ownership and growth potential in the unit turnover services market.

Information on the Target

Unity Partners LP (“Unity”) has successfully completed a strategic investment in The Byng Group (“Byng”), a leading provider of comprehensive unit turnover services tailored for institutional owners and managers of multifamily properties and senior living facilities. Under the continued leadership of CEO Scott Bunker, alongside the existing management team, Byng is poised to enhance its service offerings and expand its geographic footprint. The specific terms of the private transaction have not been disclosed.

Headquartered in Toronto, Canada, The Byng Group operates extensively throughout Ontario and the Mid-Atlantic region of the United States. The company delivers a complete range of services including unit turnover, repair and maintenance, and larger-scale renovations, ensuring that properties remain in excellent condition. Its asset-light, vendor-managed service model, bolstered by proprietary technology, effectively addresses the challenges faced by landlords in managing unit turnovers, from sourcing materials to hiring skilled trades, all while adhering to tight schedules to minimize vacancy.

Industry Overview in the Target’s Specific Country

The multifamily property management industry in Canada and the U.S. has seen increasing demand due to higher turnover rates, with annual apartment turnover rates ranging from 20% to 50%. As property owners seek efficien