Casago, a vacation rental property management company, announced the completion of its acquisition of Vacasa, Inc., a leading vacation rental management platform in North America.
The transaction, a watershed moment for the U.S. vacation rental industry, combines the strengths of both companies to create an industry-leading brand managing over 40,000 properties across North America, Belize, Costa Rica and the Caribbean. Casago brings 25 years of experience delivering owner- and guest-focused management through its locally rooted model.
Casago founder and CEO Steve Schwab, who will lead the combined entity, commented, “Today marks an exciting new chapter as Casago and Vacasa come together. Our vision is clear: to build the most trusted brand in vacation rental management — one relationship at a time. By combining our strengths, we will create new opportunities for our homeowners, guests, partners, and teammates, while staying true to the values that have made Casago who we are.”
Schwab continued, “This isn’t just the joining together of two companies, it’s a commitment to service, to hospitality, and to delivering a better way of caring for a second home.”
In addition, Roofstock, a leading proptech platform, invested in the transaction and has become a partner in Casago, seeking to leverage its decade of experience using technology to enhance property management capabilities, customer experience and liquidity for residential property investors. Roofstock brings deep real estate expertise through its service offerings and software solutions, including helping more than 300,000 property owners with nearly 1 million units optimize the performance of their rental properties.
With the completion of the acquisition, Vacasa’s common stock has ceased trading and is no longer publicly listed on the Nasdaq.
