Casago to Acquire Vacasa for $128 Million and Take It Private
Skift Take
Vacasa got hammered in the public markets and needed to go private. Whether Casago and Rootstock have the wherewithal to right the ship is an open question.
Privately held Casago and Vacasa entered into an agreement in which Casago would acquire all of the larger property management company's outstanding public shares for around $128 million, and the merged entity would take Vacasa private.
At the same time, pro-tech company Roofstock intends to invest in the combined company "and provide strategic guidance," the announcement stated.
“This merger is a natural next step in Vacasa’s journey over the past year, sharpening our focus on owners, guests, and our local teams that take care of them every day," said Vacasa CEO Rob Greyber in a statement. "By combining with Casago, a company that shares our vision of locally-empowered, home
