Unity Partners Acquires The Byng Group

July 16, 2025 at 09:00 AM EDT

Capital to Support Geographic Expansion of Services and New Employee Ownership Program

Unity Partners LP (“Unity” or “the firm”), a principles-based private equity firm, today announced it has completed a strategic investment in The Byng Group (“Byng” or “the Company”), a provider of end-to-end unit turnover services to institutional owners and managers of multifamily properties and senior living facilities. Scott Bunker, the company’s CEO, will continue leading the business along with the existing leadership team. Terms of the private transaction were not disclosed.

Headquartered in Toronto, Canada, with operations throughout Ontario and the Mid-Atlantic region of the U.S., Byng’s services range from unit turnover jobs to repair & maintenance to larger scale renovations, all to ensure that properties and units remain in optimal condition. Turnover jobs include a mix of flooring, painting, cabinets, countertops, drywall, plumbing, and electrical services. The Company’s asset-lite, vendor-managed service model, supported by proprietary technology, simplifies the challenges that landlords face including scoping units, sourcing materials, hiring trades, and maintaining high-quality service, all with a tight timeframe to minimize vacancy. With over 50 years of experience, Byng’s industry knowledge allows the company to swiftly navigate complexities and prevent major obstacles that often arise throughout the turnover process.

“We are delighted to be partnering with Unity, whose operational insights will be essential to our growth and the enhancement of our offering,” said Bunker. “As we remain focused on providing a seamless client experience by implementing our services in a timely and cost-effective manner, we’re confident that our partnership with Unity will help us accelerate our trajectory.”

With annual apartment turnover rates in the U.S. ranging from 20-50%, the Company is benefiting from strong market momentum as it continues its expansion in the U.S.

“This is a marketplace that has traditionally been served by independent contractors, but Byng’s fully integrated, end-to-end service offering and outstanding leadership team have established a strong position and are gaining share in the sector,” said Peter Cozzi, Investment Team Lead at Unity Partners. “We look forward to pursuing further organic growth initiatives and strategic M&A opportunities as we aim to scale efficiently in pursuit of our shared vision.”

Employee ownership is built into each of Unity Partners’ platform investments, and Byng will be launching an Employee Purpose Plan, a program that allows employees to share in the firm’s financial success and capital events.

“We’re excited to support the business and collaborate alongside Byng’s passionate and hard-working team on several value acceleration initiatives,” added Anna Fraser, Propel Team Vice President at Unity Partners. “The Employee Purpose plan ensures that the entire team has the opportunity to benefit from Byng’s growth.”

Kirkland & Ellis LLP served as legal advisor to Unity Partners while Pricewaterhouse Coopers LLP served as financial advisor.

About Unity Partners

Unity Partners is a principles-based private equity firm that partners with investors and operators to build better together, measured by the economic surplus we create and share with all stakeholders. Our principles provide a foundation to build great people-based services and technology organizations that impact thousands of lives. We deploy our Partner & Propel strategy to identify opportunities to Partner with ambitious leaders to accelerate growth, unlock the benefits of platform scale through mergers and acquisitions and Propel value acceleration through investments in people, processes and operational levers. For more information, visit www.unitypartnerslp.com.

About The Byng Group

The Byng Group provides end-to-end turnover services to owners & managers of multifamily rental properties. Ranging from standard apartment turns to full repositions, Byng's scalable offering focuses on minimizing complexity and meeting the tight deadlines of their customers. With over 50 years of experience, The Byng Group provides an unmatched offering across a wide geography, diverse portfolio, and high volume as one of the largest end-to-end turnover services providers in the multifamily marketplace.