Coldwell Banker United Realtors Acquires Coldwell Banker JME RealtyAugust 25, 2007
Power Broker Now Spans the Gulf Coast
BRYAN, Texas – August 24, 2007 – Coldwell Banker United, Realtors has announced the acquisition of Coldwell Banker JME Realty. The combined companies have 77 offices and more than 2,400 agents in six states; connecting Texas to the Carolinas, and spanning the entire Gulf Coast region.
Coldwell Banker United, Realtors, the #1 franchise in closed transactions within Coldwell Banker Real Estate Corporation, will now offer real estate services in Florida, Alabama and Mississippi, in addition to Texas, North Carolina and South Carolina.
According to two of the real estate industry’s leading publications, Coldwell Banker United, Realtors, in 2006 ranked # 8 nationally in transaction sides in both the REAL Trends Top 500 and the RISMedia Power Broker Report. With JME on board, and based on its performance in those same rankings, Coldwell Banker United, Realtors would rank as the #4 company in the nation in transaction sides.
“This new partnership expands our position as a major leader in real estate in the areas we serve and strengthens our company’s prominence nationally, as well as regionally,” said Chairman and CEO Richard Smith of Coldwell Banker United, Realtors. “This is a great strategic fit for our trusted sales associates and valued clients.”
President and COO Jeffrey B. Wheeler said the acquisition was also a natural fit.
“The business principles and values at JME Realty and Coldwell Banker United, Realtors are remarkably the same, Wheeler said. “President/Broker Joe Endry of JME Realty and Richard Smith share the same leadership qualities, values, corporate vision, and innovation. Both are of strong moral character and exhibit unwavering integrity, with an absolute commitment to customers and complete dedication to people and family. The similarities of our organizations will enable us to help more buyers and sellers with the core real estate services that they expect.”
JME Realty President/Broker Joe Endry, said he is extremely excited about the company becoming a part of the Coldwell Banker United, Realtors. “The combination of these two outstanding firms allows us to offer expanded, high quality services to our entire market place along the northern gulf coast and in the southeast from Texas to the Carolinas,” he said. “Our agents and customers will benefit from the marketing power of the #1 Coldwell Banker affiliate in the world.”
About Coldwell Banker United, Realtors Coldwell Banker United, Realtors was founded in Bryan/College Station, Texas by Richard Smith in 1970 and now operates 55 residential branch offices and one commercial branch office with a sales force of over 1,900 sales associates and over 345 employees. The company’s sales volume in 2006 was $5.54 billion, which represented 27,029 transaction sides, making it the number one company in sales transactions among 1,278 independently owned and operated Coldwell Banker companies worldwide. According to both REAL Trends and RISMedia, two industry trade publications, the company, in 2006, was ranked #8 nationally in transaction sides. For a detailed company history, click here or log onto www.cbunited.com.
About Coldwell Banker JME Realty Coldwell Banker JME Realty first began serving the Gulf Coast’s real estate needs in 1984. The company was started in a small cinder block building on Pensacola Beach with just two sales agents and a rental manager. Opening a second office two years later, the company now owns 19 residential and two commercial offices and has more than 550 agents throughout Northwest Florida, South Alabama and Mississippi. The company offers a full range of services including, residential, resort/project sales, commercial/investment sales, property management and relocation services. The company has been recognized as: #1 Real Estate Company in Northwest Florida; #1 Independently Owned Coldwell Banker Affiliate in Florida; the #2 Independently Owned Coldwell Banker Affiliate in Alabama; and the #7 Coldwell Banker Affiliate Worldwide. According to both REAL Trends and RISMedia, two industry trade publications, the company, in 2006, was ranked #90 nationally in transaction sides.
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