Richardson-based Associa, the nation’s largest residential community management company, has acquired a majority stake in Mediterráneo Global, one of Spain’s largest community management companies. The deal marks Associa’s first expansion into Europe and “represents a defining milestone in the company’s Vision 2030 strategy to accelerate bold growth, expand its global footprint and bring its industry-leading community management expertise to new markets,” Associa said.

The acquisition of Mediterráneo Global establishes Associa’s first European platform and creates a foundation for continued international growth across Spain, the Iberian Peninsula, and broader European markets, Associa added.

John J. Carona, who founded Associa in 1979 and serves as its chairman and CEO, said that as the world’s leading community management services company, “we continue to pursue bold growth opportunities that strengthen our global presence while delivering exceptional service and long-term value to the communities we serve.”

“Mediterráneo Global’s reputation, leadership, and commitment to excellence make them an outstanding fit for the Associa family,” Carona added in a statement.

Managing nearly 10K Spanish communities with a team of 500

Headquartered in Spain, Mediterráneo Global has served residential communities for more than 60 years and is recognized for its “trusted relationships, local expertise and people-first culture,” Associa said. The company manages nearly 10,000 communities, serving more than 400,000 homeowners, with a team of 500 employees. 

As part of the transaction, Carlos Felipe, chairman and CEO of Mediterráneo Global, will retain an ownership interest and remain actively involved in the business, ensuring continuity of leadership, local expertise, and client relationships, Associa said.

Mediterráneo Global’s executive team will continue to lead the company while gaining access to Associa’s global resources, operational support and industry-leading expertise, the Richardson company added.

Associa noted that Spain has a large and highly fragmented market, where approximately 1.2 million communities generate significant annual recurring spend. 

“Expanding into Spain is a significant step in our international growth strategy and reinforces our commitment to investing in markets with strong long-term potential,” said Jose Maldonado, president of Associa Capital. “Across every region where we operate, our focus remains the same: creating value, supporting communities, and building enduring relationships.”

Associa Capital said it will work closely with Mediterráneo Global’s leadership team, with support from Associa’s transitions & integrations team as needed, to support a smooth onboarding process and ensure alignment with Associa’s “culture, service standards, and long-term strategic goals.”