O’FALLON, Ill. — The new owners of the Cecil Management Group have been busy in recent months building on the property management company’s long history.
In October 2015, Dave Kunkel, president of Kunkel Commercial Group, and Terry Lammers, president of Innovative Business Advisors, purchased Cecil Management Group, Inc. from Dorcas Cecil.
Cecil Management Group is one of the largest residential property management companies in the metropolitan area and currently manages approximately 900 residential properties and 60 homeowners associations encompassing around 4,500 households, with an office staff of 13 and a crew of five maintenance technicians.
Cecil Management Group is now co-owned by Lammers, Kunkel, and Matt Cecil, Dorcas’ son. Since the purchase, the office has been moved to a larger facility at 784 Wall St. in O’Fallon, adjacent to Innovative Business Advisors and Kunkel Commercial Group for ease of day-to-day operations. The business has also been streamlined to a paperless office to improve efficiency. A rebranding campaign has been launched featuring a new logo for the company.
Cecil Management Group has steadily grown in St. Clair and Madison County, the owners said.
“Dave Kunkel and I are excited about this opportunity and look forward to growing what Dorcas Cecil has successfully built over the last 35-plus years,” Lammers said.
The strategic purchase allows Kunkel’s commercial properties to benefit from five maintenance technicians and paves the way for an eventual merger of the commercial and residential property management aspects of both companies. Currently, Cecil Management Group manages single-family homes, multi-unit apartments, duplexes, and homeowners associations.
For more information about Cecil Management Group, contact Terry Lammers at (618) 530-8922 or Tlammers@Cecilmanagement.com. Visit the website at www.Cecilmanagement.com.
— From the Illinois Business Journal