RE/MAX Finalizes RE/MAX INTEGRA North America Purchase — RISMedia |
RE / MAX, LLC has completed the previously announced acquisition of the North American regions of RE / MAX INTEGRA. With the sale now complete, there are more than 19,000 agents (approximately 12,000 in Canada and 7,000 in the US) and more than 1,100 independent RE / MAX offices in RE / MAX, LLC’s growing group of company-owned regions (KOR ).
“We are excited to complete this groundbreaking regional acquisition,” said Adam Contos, CEO of RE / MAX Holdings. “The addition of these strategic and geographically desirable regions improves our ability to scale further, offers many attractive growth opportunities, and simplifies our operational structure through greater efficiency. RE / MAX INTEGRA co-founders Frank Polzler and Walter Schneider have built an impressive network in the 40 years of their commitment to the growth of this brand. Our goal is to continue their impressive legacy and support the continued growth of these regions under the umbrella of RE / MAX, LLC. “
The RE / MAX INTEGRA regions acquired by RE / MAX, LLC include five Canadian provinces (New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario and Prince Edward Island) and nine US states (the New England states of Connecticut, Maine, Massachusetts ). , New Hampshire, Rhode Island and Vermont and the states of Indiana, Minnesota and Wisconsin in the Midwest). RE / MAX INTEGRA owns the master franchise for RE / MAX Europe and will continue to operate there as it has since 1994.
“Affiliates in the former RE / MAX INTEGRA regions have benefited from years of strong leadership and innovative technology and can expect this high level of support and service to continue,” said Nick Bailey, President of RE / MAX, LLC. “This acquisition enables us to scale, align, and streamline operations across many functions by making the best tools, training, and technology available on a larger scale. This is an exciting time for all RE / MAX partners. “
Brokerage firms in Indiana, Minnesota and Wisconsin will join the Central Region under the direction of RE / MAX Vice President Dana Tuggle, and the New England offices will operate under the Northeast Region along with RE / MAX Vice President Kevin Northrup. Christopher Alexander, Senior Vice President, RE / MAX Canada, and Elton Ash, Regional Executive Vice President, RE / MAX Canada, will jointly lead COR’s operations in Canada.
RE / MAX has a global network of nearly 140,000 agents in more than 110 countries and territories, a global presence greater than any of its competitors. RE / MAX, LLC is a wholly owned subsidiary of RMCO, LLC and is controlled and administered by RE / MAX Holdings, Inc.
More information is available at www.remax.com.