CAMS and Tetterton Management Group announce Merger
CAMS is pleased to announce Tetterton Management Group has merged their business with CAMS. Tetterton Management group has been in business in the Morehead City/Atlantic Beach area for over 20 years and currently manages 9 community associations with 450 property owners. CAMS has been in business since February 1991 and currently manages 175 community associations with approximately 22,000 property owners.
“We believe the strength and success of both companies and the fact that our customers are very similar is why we feel this merger is a great fit for both of us”, states Dave Sweyer, CEO of CAMS.
To the excitement of both companies, Hilton Tetterton, who has been paramount in the success of Tetterton Management Group, has decided to continue his management pursuits with CAMS as a Community Manager working with the same customers in the Morehead City/Atlantic Beach area.
“Hilton has been very involved in almost all areas of professional real estate services over the years and knows the markets very well. Therefore, our plan is to try to grow our Association Management business in these markets after we transition the existing customers”, states Mike Stonestreet, President of CAMS.
The benefit to having these two companies merge is that CAMS will be able to offer Tetterton’s customers some new innovative services such as greater online access to their community information, accounting, community communications, etc. Each homeowner will have the ability to access their association account online, submit and track online work order requests, submit and track architectural change requests, check on the status of community violations, and setup online bill payment.
“Our internal push at CAMS is to transition most of our associations to paperless solutions for their membership,” Sweyer says. CAMS’ clients will carry out savings by sending out e-statements as opposed to traditional coupons or paper statements, or sending out electronic newsletters and notices as opposed to mailing out hardcopy newsletters.
“We are challenged in these tough economic times to find savings for our customers while improving the value we provide,” Sweyer said.
