LP First Capital, a business services-focused private equity firm, has acquired Northpoint Asset Management, a national single-family property management company.

Founded in 2006 and headquartered in Salt Lake City, Utah, Northpoint manages over 8,100 homes for retail and institutional investors across more than 40 regions and 22 states. Northpoint provides property management, in-house maintenance, real estate brokerage and institutional back-office services to its clients. The deal was completed in partnership with Genesis Park, who provided equity and debt financing, and Samson Capital Group, who provided equity financing.

“We look forward to elevating performance outcomes for our clients and tenants to even higher levels, while advancing Northpoint’s position and influence in the residential property management industry overall,” says Adam Haleck, CEO of Northpoint.