XLCS Partners Facilitates Strategic Sale of R&R Property Solutions to The Byng Group

In a significant move within the real estate sector, XLCS Partners, a prominent middle-market investment banking firm, has successfully facilitated the sale of R&R Property Solutions to The Byng Group. The acquisition, finalized on October 1, 2026, marks a strategic expansion for Byng, enhancing its position in the multi-family housing market across the Southeast U.S. and building upon its existing operations in the Northeast.

About R&R Property Solutions

Founded in 2021 and based in Tampa, Florida, R&R Property Solutions specializes in the repair, maintenance, and renovation of large garden-style apartment communities. With a portfolio that includes over 150 properties, R&R offers an integrated service model that incorporates repair, maintenance, resurfacing, and plumbing services. This approach positions them as a single point of contact for property management companies, enhancing efficiency and streamlining operations in the multifamily housing sector.

Keith Kerr and David O'Neal, the owners of R&R, highlighted the impact of this decision: "Selling the business we built was one of the biggest decisions we have ever made, and XLCS earned our trust from the very beginning. Eric and Kevin took the time to understand our company, kept us informed at every stage, and found a partner in Byng that shares our commitment to quality work for property owners and residents. We are grateful for their guidance and excited about the future for our team."

An Insight into The Byng Group

The Byng Group, based in Toronto, Canada, is widely recognized as a leader in unit turnover and maintenance services for multi-family and senior living properties, boasting over 50 years of experience. Their proprietary technology and asset-light, vendor-managed service model have positioned them efficiently within a competitive landscape. The acquisition of R&R not only amplifies Byng's presence in the Southeast U.S., but it also is a step towards their goal of being the industry leader in multi-family repair, maintenance, and renovation services, proving their commitment to growth and service excellence.

Unity Partners, a private equity firm situated in Dallas, Texas, has been a crucial element in this transaction. They focus on building services and technology businesses through strategic growth initiatives and operational improvements. Their backing of the RR acquisition showcases an ongoing commitment to supporting Byng's objectives across North America. As stated by the executives at Unity, the focus remains on harnessing strengths within the sector to provide exceptional services and innovative solutions tailored to the needs of property owners and their residents.

Transaction Details

XLCS acted as the exclusive merger and acquisition advisor for R&R throughout the selling process. Under the leadership of Eric Schoendorf, Vice President, and Kevin Naim, Senior Associate, XLCS Partners provided invaluable support and expertise to ensure a smooth transaction. The successful completion of the acquisition signifies a new chapter for both R&R and The Byng Group, indicating fertile ground for future collaborations and service expansions in the property management landscape.

In conclusion, the partnership formed between R&R Property Solutions and The Byng Group, facilitated by XLCS Partners, highlights the dynamic shifts occurring within the real estate services sector. As multi-family living continues to evolve, this merger represents a crucial step in enhancing service offerings and addressing the complex needs of an expanding market.