Odevo, a global residential property management company, said it has acquired Professional Bayway Management (PBM) in St. Petersburg and Seacrest, a Florida-based operator with offices on both coasts, expanding its footprint in what it described as its largest U.S. market.
The company announced the transactions Feb. 25. Seacrest, founded in 1975, manages 566 clients and approximately 49,000 units across Florida, according to Odevo. PBM, founded in 1984, serves the greater Tampa Bay metro area, managing 109 clients and more than 9,100 units.
Terms were not disclosed.
Odevo said both companies will remain locally led while gaining access to its technology platforms and shared services.
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“Seacrest and PBM have impressed us,” Daniel Larsson, CEO of Odevo, said in the release. “Both organizations have strong teams and a clear commitment to customer service, and they strengthen our Florida footprint.”
Seacrest will continue under Steven Harshman, president of Seacrest Services, and Bryan Fowler, president of Seacrest Southwest. PBM will continue under Blair Newton, president and CEO.
Local leadership remains in place
For Tampa Bay, the acquisition of PBM brings a long-standing community association management firm into a larger international platform. PBM’s portfolio is concentrated in residential community associations across the region.
Newton said the partnership gives PBM additional resources while preserving its identity.
“Joining Odevo felt like finding the right long-term partner, not just completing a transaction,” Newton said in the release. “From the beginning, it was clear they respect what we’ve built at Professional Bayway Management over 42 years and want to help us scale it, not change who we are.”
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Seacrest leaders emphasized operational support and expanded capabilities. Harshman said the collaboration would strengthen service delivery and support internal teams.
Fowler said the partnership would provide enhanced support for managers and staff serving communities across Southwest Florida.
With the additions of Seacrest and PBM, Odevo said it now has approximately 12,000 colleagues and manages more than 2.5 million homes globally.
The company did not outline an integration timeline or disclose whether additional Florida acquisitions are planned.
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