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Corporate
Boston – Nickerson announced it has been named marketing and communications agency of record for Property Inspect, a global property inspection and operations platform. This partnership adds to the agency’s growing portfolio of international property technology (proptech) clientpartners.
Nickerson specializes in marketing and communications for the real estate; architecture, engineering, construction (AEC); and proptech industries. Nickerson CEO and founder, Lisa Nickerson, serves as the chair for Urban Land Institute (ULI) Boston/New England’s Technology & Real Estate Council (TREC). The Nickerson team includes true subject matter experts, and the team’s active involvement and leadership in industry organizations allows for peer-to-peer sharing of market trends and insights, making Nickerson the ideal partner for proptech companies seeking advisement, brand development, and go-to-market strategies.
Property Inspect empowers the real estate market by providing the tools to manage properties, produce effective inspection reports, and optimize operations in a simple and effective way. The company, founded in 2015 and based in the United Kingdom, serves industries from multifamily and singlefamily housing to hospitality, retail, and commercial real estate across the globe.
“Property Inspect is the premier global innovator within the property inspection and operations industry,” said Delaney Nelson, managing director of Nickerson. “It’s truly our privilege to support the work of such a wellrespected, forward-thinking company and expand their business into the U.S. and Canada.”
Property Inspect demonstrated a 60% year-over-year increase in revenue in 2021, prompting the company’s further expansion into the North American market. A few of Property Inspect’s partnerships in the U.S. include Airbnb Luxury Retreats, Wavecrest Property Management, Palm Properties, All Chicago, Industrial Outdoor Ventures, and SL Nusbaum.
“The Nickerson team has already proven itself to be a strong and critical partner supporting our U.S. and Canadian growth strategies,” said Steve Rad, CEO and founder of Property Inspect. “As Property Inspect continues to win market share in new markets, we appreciate Nickerson’s ability to flexibly blend and expand their services to efficiently and effectively support our business goals.”
CSB Finances Metro Walls ESOP
Cambridge, MA – Cambridge Savings Bank (CSB) announced it has provided a loan to finance the rollout of an Employee Stock Ownership Plan (ESOP) for Metro Walls, a full-service commercial framing, drywall, and acoustical company with locations across New England.
With the former owner, Mike Dion, stepping down at the outset of 2022, Metro Walls successfully implemented a succession plan in which existing shareholders sold 100% of their shares to the employees through an ESOP. The lending package allows the company to stay independent and remain focused on its purpose and values, while maintaining its growth path under the leadership of new president, Bryan Hussey.
Metro Walls’ average employee tenure is nearly 12 years, and with this newly implemented structure, all of the company’s roughly 250 employees will share in its success and future growth as they earn shares throughout their employment at the company. The ESOP is an added benefit on top of Metro Walls’ existing full-suite, inclusive benefits package.
“In getting to know Bryan and the Metro Walls team, it was incredibly apparent the value the company places on their employees,” said Kevin Burke, FVP, senior corporate banking loan officer at CSB. “It was a pleasure supporting their leadership team in their efforts to incentivize their hard-working staff.”
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