Pacific Union is excited to share the news that we’ve further expanded our reach in Los Angeles by announcing our intent to merge with Partners Trust, the next step in our firm’s vision of becoming the ultimate California company.
Founded in 2009, Partners Trust posted 2016 sales volume of $2.47 billion, with total sales since inception topping $10 billion. The firm has offices in Beverly Hills, Brentwood, Santa Monica, Ocean Park, Malibu, La Cañada Flintridge, and Pasadena and works with 240 of Southern California’s top real estate professionals. The deal is expected to close next week.
The move comes eight months after Pacific Union merged with Los Angeles-based John Aaroe Group and two years after our firm acquired The Mark Company. Combined, the companies have 47 offices in Northern and Southern California, more than 1,400 real estate professionals, and 2016 sales volume of $12.61 billion. We project 2017 sales of more than $15 billion.
“This merger executes against Pacific Union’s unique, high-performance vision for the development of the ultimate California real estate company and the real estate firm of the future,” Pacific Union CEO Mark A. McLaughlin says. “Beyond our expansion in Southern California, we admire Partners Trust’s impressive year-over-year growth in this highly competitive market and deeply value the extraordinary principles of integrity and trust that Partners Trust delivers to its clients.”
“Our merger with Pacific Union represents a new and exciting era for our team of partners and associates,” Partners Trust CEO and Co-Founder Nick Segal says. “It will positively redefine the California real estate market and make us the dominant, independent force in the Los Angeles luxury real estate market. We immediately strengthen our position as a market leader, deepen our marketing and technology tool chest, and expand our global reach.”
Pacific Union, Partners Trust, and John Aaroe Group will continue to operate under their respective brands at the announcement of the merger. Management and staff of the unified firms will remain the same across the board.
Source: Pacific Union Bay Area Real Estate Blog
Pacific Union Merges With Los Angeles-Based Partners Trust