Opteon acquires Equity Valuation Partners, expands US presence

Opteon has acquired Equity Valuation Partners (EVP) as part of its efforts to expand operations and strengthen technology-driven property valuation services.

The acquisition adds to Opteon’s growing U.S. presence — combining the company’s appraisal management platform with Equity Valuation Partners’ client network and technology expertise.

“Modernization isn’t about replacing professionals, it’s about enabling them to deliver more value,” said Chris Knight, CEO at Opteon. “By bringing EVP into the Opteon family, we further accelerate our strategy of combining the best people with the best technology to deliver faster cycle times, higher quality, and a better experience for lenders, appraisers, and consumers.”

Equity Valuation Partners provides residential and commercial appraisal services across the country. The company will operate under the Opteon brand, maintaining its focus on service quality and regulatory compliance, company leaders said.

“EVP has always focused on doing the fundamentals exceptionally well and enabling our people and clients with leading technology that delivers best in market service,” said Drew Watson, former principal at EVP.

“Over the years as appraisal modernization has accelerated, we have considered many options. We know we have the right partner in Opteon that shares our vision, values and purpose and that together we will keep our customer promise to deliver that future.”

Opteon said the acquisition supports its strategy to blend appraisal expertise with global technology innovation.

“Our U.S. team is energized about this opportunity to expand our depth and capability,” said Lee Trice, managing director of Opteon U.S. “We’re uniting strong leadership and appraisal expertise with Opteon’s global innovation responsibly and in partnership with clients, appraisers and regulators.”

The combined business will continue to operate a nationwide network of appraisers that offers residential and commercial valuation services, according to Opteon.