Guardian Acquires Executive Asset Management

Transaction merges leading Southeast asset management company with existing Guardian AssetAdvisor platform

ATLANTA--(BUSINESS WIRE)--Guardian announced today that it has acquired a controlling interest in Executive Asset Management (“EAM”), an Atlanta-based residential and commercial real estate management company. The terms of the transaction were not disclosed.

EAM is a full-service residential and commercial portfolio management company specializing in disposition strategies, property management services and rental solutions for FDIC Loss Share assets. Based in Alpharetta, GA, EAM services clients nationwide and has been responsible for the disposition of over $2 billion since its inception. The company will merge EAM with Guardian’s AssetAdvisor division, and continue to operate under the EAM name.

Robert Vacco, who will continue to serve as Chief Operating Officer of EAM, said, “We are excited to partner with Guardian and expand our asset management reach nationwide. The operational synergies between EAM and Guardian’s AssetAdvisor, as well as the talented personnel at Guardian, will allow EAM to greatly expand our commercial asset management capabilities. We are confident that this merger will enable EAM to create and deliver even more value to our existing customers, as well as secure new customers.”

In addition to Mr. Vacco, EAM’s senior management team has more than 20 years of experience in the property management industry, and a proven track record of developing and implementing strategic asset management plans that add significant value for customers.

Paul Brenneke, CEO of Guardian, commented, “We are very pleased to announce this new venture with EAM. Their reputation across the Loss Share industry is second-to-none, and we believe the combination of EAM and Guardian’s AssetAdvisor division will offer banks much needed comprehensive portfolio management and disposition solutions that generate better results. We look forward to working with Rob Vacco and his experienced management team to build on EAM’s strong position as we expand the product offerings to a national audience.”

About Guardian

Guardian provides comprehensive investment banking services with a national market scope. With a specialization in loan sales advisory, M&A, distressed situations, asset management and real estate lending, Guardian provides clear and creative solutions to each of its clients. Guardian’s team has closed more than $10 billion in total capital market transactions and currently has offices in Atlanta, New York, Portland, San Francisco, Seattle, Princeton, Ft. Lauderdale, Irvine and Washington D.C.

About Executive Asset Management

Executive Asset Management (“EAM”) is a full service residential and commercial portfolio management company specializing in real estate owned (REO) disposition strategies, loss mitigation, property management services, and rental solutions. EAM has been responsible for the disposition of over $2 billion since its inception.