BrokerageIPO / M&A

Nashville’s Pilkerton Realtors, Parks Realty and Village Real Estate merge

Each brand will operate with their respective brand.

Three Nashville independents recently announced a merger — Pilkerton Realtors, Parks Realty and Village Real Estate. The companies will operate with their respective brands via an LLC that will serve as the parent company.

The new entity will have 1,400 agents. According to a press release, the firm’s combined market share in Middle Tennessee will equal about 15%, nearly twice as much as the percentage figure of any area competitor in the sector.

According to an article in the Nashville Post, “The merger comes one year after the January 2021 announcement that Parks and Village finalized what had been a long-planned union (read here). That announcement was made almost 12 months to the day after the two entities said they would merge — with that early 2020 effort soon thereafter being shelved due to the coronavirus pandemic.”

Hunter Connelly, who serves as CEO of the combined company, said Pilkerton, Parks and Village “share a culture and core values that are attractive” to local real estate agents. He said the partnership will enable the combined firm to invest in best-in-class staff, tools, training, and processes.

Marie Parks serves as president of Parks, with Zach Goodyear president of Village. Jim Terrell continues as Pilkerton managing partner. Bob Parks remains as chairman of Parks.

“We’re joining Village and Parks to collaborate and share resources, tools and locations,” Terrell said in the release. “Partnering with a local group who I’ve known for many years allows our vision for Pilkerton to continue.”