---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-127349"
form_type: "8-K"
ticker: "RMR"
cik: "0001644378"
company_name: "RMR GROUP INC."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:36:24.475455+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RMR Group closes $80M acquisition of CARROLL multifamily platform with $20M earnout

## Summary
- Acquired 100% of MPC/CARROLL for $80M cash plus up to $20M contingent earnout based on capital deployment.
- Transaction expands RMR into multifamily, the only major property sector where it lacked significant presence.
- RMR had over $200M cash remaining post-close and no debt, well-positioned for further growth.
- Patrick Carroll entered a business protection agreement with non-competition and non-solicitation covenants.
- Company expects the deal to be accretive and to increase private capital assets under management.

## SEC filing metadata
- accession: 0001104659-23-127349
- form_type: 8-K
- ticker: RMR
- cik: 0001644378
- company_name: RMR GROUP INC.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644378/000110465923127349/0001104659-23-127349-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644378/000110465923127349/tm2333036d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-127349
- JSON: https://secwatch.observer/filing/0001104659-23-127349.json
- Plain text: https://secwatch.observer/filing/0001104659-23-127349.txt

## Key facts
- M&A Transactions
  RMR GROUP INC. completed an acquisition involving MPC Partnership Holdings LLC (CARROLL) for $80 million in cash (closed 2023-12-19).
  - Action: acquisition
  - Counterparty: MPC Partnership Holdings LLC (CARROLL)
  - Consideration: $80 million in cash
  - Closing: 2023-12-19
  source text: On December 19, 2023, RMR LLC completed its acquisition of the issued and outstanding equity interests of MPC for $80 million in cash, subject to customary adjustments for MPC’s cash, debt, transaction expenses and working capital at closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644378/000110465923127349/0001104659-23-127349-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.