Lead Estate Agents will merge with Independent Agency, Tanner, it was revealed Wednesday.
The deal will result in the creation of one of the largest independent offices in the area. Both teams will seek to take advantage of combining their successful sales and rental departments while substantially increasing their footprint and further growing the brands reputation.
Combining allows us to draw on each company’s strengths while complimenting each other’s existing skills and market position.
Terms of the deal were not disclosed.
Lead & Tanner are calling the deal a “merger” to reflect the transformational impact they expect the deal to have on the companies.
“The merger will change the dynamic of the local market,” said Lead MD, Daniel Richardson. “We will be able to serve consumers unmatched with better reach and the accelerated growth will see major investment in our people, IT and infrastructure to make the process of selling a home simply better from start to finish.”
“The real estate industry is changing and going through a consolidation process” said Daniel. “We are joining forces at the best possible time as both businesses are in a strong financial position so it makes sense to get out ahead of the pack and have a real crack”.
The future looks bright for these former competitors. The merge will officially take place on the 1st of September.
DR