119th Street Capital, an Indiana-based family office dedicated exclusively to investments in the financial services sector, has acquired Armada Analytics, a premier provider of commercial real estate underwriting and asset management services. The acquisition marks a significant step in 119th’s strategy to expand its footprint within financial and real estate services while supporting Armada’s continued growth and operational excellence. 

Founded in 2006 by Zack and Leigh-Anne Devier, Armada Analytics has built a strong national reputation for delivering underwriting, asset management, zoning, due diligence, engineering, and insurance review services to institutional real estate investors, lenders, and asset managers. Armada’s leadership team—CEO Matt Legge, EVP Joel Willard, and EVP Michael Fissette—will remain in place to lead the company through its next chapter. 

“We identified 119th as our ideal partner for this transaction based on our shared values, and the resources and expertise that they can provide for the benefit of our clients and team members,” said Zack Devier, co-founder of Armada Analytics. 

The partnership provides Armada with additional financial and strategic support to accelerate both organic and acquisition-driven expansion, while maintaining its commitment to a client-first, relationship-driven service model. 

“Armada’s relationship-based and people-first business model is exactly what we look for in potential partners,” said Anthony Contrucci, managing partner at 119th Street Capital. “Our acquisition of Armada represents an important milestone for both organizations, and we’re excited to embark on this next chapter of growth together.” 

Tower Partners and Nelson Mullins advised Armada on the transaction, while Seward & Kissel LLP served as legal counsel to 119th Street Capital.