Connexus, an AI-powered platform that unifies real estate procurement, contract management, vendor management and insurance compliance, has announced its merger with Ancillary Services Management (ASM), a provider in ancillary revenue and contract optimisation services.
The merger combines Connexus’ technology-driven procurement and operations platform with ASM’s expertise in negotiating telecom, laundry, and a range of other revenue-generating contracts.
Together, the combined entity will deliver an end-to-end solution that enables real estate organisations to reduce operating and capital expenses, centralise insurance compliance and contract management, and identify new revenue-generating opportunities across their portfolios.
By centralising these functions at the property, regional and corporate levels, the combined organisation will help real estate teams improve efficiency, strengthen visibility, and make more informed financial decisions.
Connexus has rapidly established itself as a powerful partner for real estate organisations by centralising contract management, scopes of work, RFPs, vendor management, property and vendor insurance, and procurement operations. With the addition of ASM’s portfolio, the combined organisation will represent over 925,000 units, helping ownership and management groups lower operating costs while identifying opportunities to generate additional ancillary revenue.
“This merger represents a major step forward in our mission to fundamentally change how real estate owners and operators approach procurement, contracts, and operational performance.
“By combining Connexus’ technology and data-driven platform with ASM’s deep expertise in ancillary revenue, we are creating a powerful engine for improving profitability.
“Our clients will now have a more comprehensive way to reduce expenses, strengthen compliance, and uncover meaningful new revenue opportunities.”
Devin Wirt, Co-Founder and CEO, Connexus
The newly combined organisation will offer a seamless, full-service solution that spans sourcing, bidding, negotiation, insurance compliance, contract execution, and ongoing contract management.
This streamlined approach reduces inefficiencies that have historically burdened on-site and regional teams, enabling operators to focus more time on critical performance drivers, including occupancy, resident experience and asset value.
“Joining forces with Connexus allows us to deliver a more comprehensive and impactful solution to our clients than ever before. By combining our ancillary services expertise with Connexus’ innovative platform, we are simplifying the procurement and contract management process while creating new opportunities for our clients to improve profitability.
“This merger is about giving real estate teams a smarter, more efficient way to strengthen their bottom line.”
Andrew Smith, President, ASM
The merger comes at a time when real estate owners and operators are under increasing pressure to improve margins, manage rising costs, and do more with smaller teams.
By combining procurement efficiency, contract intelligence and ancillary revenue strategies, Connexus and ASM are strategically positioned to help clients achieve stronger and more sustainable financial performance across their portfolios.
