BrokerageIPO / M&A

The Group Inc. expands to Steamboat Springs with Colorado Group Realty acquisition

Fort Collins, Colorado-based The Group Inc. Real Estate is expanding west to Steamboat Springs after acquiring Colorado Group Realty. The purchase includes Colorado Group Realty’s (CGR) main office in downtown Steamboat, as well as a second office in nearby Hayden.

With the acquisition, The Group grows to eight locations. Steamboat Springs is the company’s first location outside of the Northern Colorado region.

In all, 84 people—including 70 agents and 14 staff—are joining The Group from CGR. The management team for the Steamboat and Hayden offices includes Josh Miller, regional sales manager, and Shelly Stanford, the managing broker. Miller replaces Steve Goldman, former CEO for Colorado Group Realty, who recently announced his plans to step down after six years of leading the company.

Miller joins the firm from Vacasa, a property management firm in Steamboat, where he was the general manager.

“We have had a long-standing synergy with CGR and have worked closely together over the years. To finally come together to strengthen our culture of excellence in real estate service, relationships, and involvement in our local communities is a dream come true, ”said Group Inc. President and CEO Brandon Wells, in a prepared statement.

Both companies are affiliates of Leading Real Estate Companies of the World, a global network of top independent brokerages, and both are practitioners of the Ninja Selling sales philosophy created by The Group co-founder Larry Kendall.

The RealTrends 500-ranked The Group is No. 162 by sales volume and No. 204 by transaction sides in the 2022 rankings.

The Group now gains a presence in Steamboat Springs, where Steamboat Ski & Resort Corp. recently announced plans to expand the ski area by 355 acres, install a second gondola, and a new base that will include shopping, dining, and improved navigation.

CGR will adopt The Group’s branding, a process that is expected to be completed this fall.

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