Lone Wolf Names Matt Fischer CEO
“I have long admired Lone Wolf and its leadership position in the real estate technology industry and am honored to step into the CEO role at this exciting juncture. The company has built an impressive platform that makes a difference in the lives of over one million agents across the U.S. and Canada.”
— Matt Fischer, CEO, Lone Wolf Technologies
When Dan and I sold W+R Studios to Lone Wolf we said to our team, “Lone Wolf has a culture, W+R has a culture, together we will build a new culture.”
Jimmy seems low key on the outside, but if you look at the past 7 years you would have to say his leadership was both bold and aggressive. During his tenure, Lone Wolf acquired 5 companies, which along with W+R Studios were some of the top brands in real estate. That’s bold. The fact that those companies were all bought within 9 months of each other is the aggressive part.
Combining those cultures (and founder egos) , let alone products, is a big ask. Having to do that in the tail end of a worldwide pandemic, a real estate boom, then seeing interest rates skyrocket at a speed not seen in the past 75 years, national home sales dropping to below 4 million a year, while overseeing a complete product revamp, I can totally understand Jimmy’s need to move on to the next thing.
Lone Wolf is owned by a private equity (PE) firm, I’m told typically when PE firms acquire companies they are looking at about a 5 year window to do their thing (streamline, etc.) and then sell to bigger companies. I think due to the tepid real estate markets many PE firms that have invested in this space are stretching beyond the 5 year mark. So this also matches the need for some new blood.
Thank you Jimmy! You were always a straight shooter, treated Dan and I with respect and patient with my crazy rants. I’m sure we will cross paths again.
I don’t know Matt Fischer, but I wish him well. He has a lot of great people and products at Lone Wolf. He has some big shoes to fill and I’m excited to see this next chapter.
