Irvine, CA— Action Property Management is now under new ownership. On January 14, 2014, long time Action executives, Matthew Holbrook and Marianne Simek, purchased the company from Jan Lhotka, who founded the company nearly 30 years ago.
Holbrook and Simek are no strangers to the company, with Holbrook starting in 1996 and Simek in 1987. Lhotka has been in conversations with both for many years about her intention to ultimately sell the company to her two top executives. Strategically planning her succession, Lhotka began to phase out of the leadership at Action in the early 2000s, while Holbrook and Simek assumed responsibility for day to day operations of the company. As a result, the new ownership has made a seamless transition.
Effective immediately, Holbrook assumes the title of Chief Executive Officer, formalizing the leadership role that he has fulfilled for many years. Simek remains as President and Chief Operating Officer, bringing her 26 years in executive leadership at Action to provide stability and depth in company operations.
“Jan’s foresight and strategic vision set the foundation for long-term success,” Holbrook says. “Marianne and I are excited to continue to build on this foundation and lead Action to further redefine the industry through innovative thinking and homeowner-centric management strategies. It is our goal to deliver a better quality of life for people who live in Action managed communities.”
About Action Property Management, Inc.
Action Property Management, Inc. is a California based company that provides management services to Community Associations across the states of California and Arizona. With more than 500 employees managing almost 200 associations consisting of close of 50,000 homes, Action is the largest privately owned company based in California that exclusively manages homeowners associations.