119th Street Capital Announces Acquisition of Armada Analytics

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6:00 AM on Tuesday, October 21

The Associated Press

MERRILLVILLE, Ind.--(BUSINESS WIRE)--Oct 21, 2025--

119 th Street Capital (“119 th ”), an Indiana based family office with an exclusive focus on investments within the financial services industry is pleased to announce its acquisition of Armada Analytics (“Armada”), a premier provider of commercial real estate services.

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Armada provides a comprehensive suite of services to its clientele, including underwriting, asset management, zoning, due diligence, engineering and insurance review. Founded in 2006 by Zack Devier, and owned and operated by Zack and Leigh-Anne Devier, Armada has become a leading provider of services to a broad spectrum of commercial real estate investors, lenders, and asset managers nationwide. Zack Devier said, “ Partnering with a firm like 119 th was a natural next step in the evolution of Armada. We identified 119 th 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. ”

119 th is excited to continue Armada’s strong growth trajectory alongside its existing management team, including CEO Matt Legge, EVP Joel Willard, and EVP Michael Fissette. Matt Legge shared “ We feel that the cultural alignment we’ve found with 119 th will be a key differentiator as we continue to scale our business, add additional service capabilities and attract and retain the world-class talent that delivers the service our clients expect of us. In 119 th, we’ve found a patient and thoughtful capital partner who values the services we provide and the people that provide them.”

119 th ’s investment in Armada will provide financial and strategic resources for the continued organic and inorganic growth of the business while preserving it’s best-in-class culture and client first 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 119 th Street Capital. “ Our acquisition of Armada is an important milestone for both businesses, and we are excited for this partnership and embarking on this next chapter of growth.”

Sellers were advised by Tower Partners and Nelson Mullins.

119 th was advised by Seward & Kissel LLP.

About 119th Street Capital

119th Street Capital is an Indiana-based family office with an exclusive focus on partnering with privately owned financial services firms. As a wholly owned subsidiary of First Bancshares, Inc., its financial services roots span more than 130 years and five generations of the Schrage family. The firm takes a long-term, relationship-driven approach to partnerships, emphasizing cultural alignment, value-driven growth, and sustainable expansion.

About Armada Analytics

Armada Analytics is a leading provider of commercial real estate advisory services. Serving a diverse client base of lenders and investors nationwide, Armada delivers comprehensive analysis and strategic insights that empower confident decision-making across the entire commercial real estate lifecycle.

View source version on businesswire.com:https://www.businesswire.com/news/home/20251020821922/en/

CONTACT: Media Contacts

Anthony Contrucci

Managing Partner, 119thStreet Capital

[email protected]

119th.comMatt Legge

CEO, Armada Analytics

[email protected]

armadaanalytics.com

KEYWORD: UNITED STATES NORTH AMERICA INDIANA

INDUSTRY KEYWORD: FINANCE DATA ANALYTICS PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: 119th Street Capital