Peerage Realty Partners Acquires Madison & Company Properties
Toronto-based Peerage Realty Partners Inc. announced that it has acquired a strategic partnership interest in Madison & Company Properties, LLC, Denver. Founded in 2008, Madison is a leading independent brokerage with a strong tradition of exceptional service and professionalism. Madison is Peerage’s inaugural partnership in the United States, where Peerage anticipates making several investments in 2019 and beyond.
Todd Narlinger, Founder and CEO of Madison, will continue in his role as CEO and retain a significant equity stake under the unique Peerage partnership model. Terms of the transaction were not disclosed. REAL Trends represented Madison in the transaction.
“Expanding our unique partnership model to the U.S real estate brokerage industry is a core part of our long-term strategy to partner with leading brands with strong, entrepreneurial founders and management teams in key markets across North America,” said Miles S. Nadal, Founder and Executive Chairman of the Peerage Capital Group.
“While the industry is experiencing unprecedented change, our goal is to partner with firms who share our belief in the enduring value of attracting and retaining the best agents and providing them with state-of-the-art tools and resources to provide the highest level of professional advice and service to their clients. From our first meeting with Madison, we knew we had found a partner who shares this passion.”
“In Peerage, we found an ideal partner with the resources to continue our investments in enhancing our service platform for our agents, and to accelerate our ambitious expansion and growth plans, while preserving our operational independence and culture,” said Narlinger.
“In addition, we also gain invaluable access and business support from Peerage and its network of successful partners. We were particularly impressed by the leading independent brands represented by Peerage’s existing partners, and their long-term track record of owner retention,” Narlinger added.
“My discussions with these partners confirmed that with Peerage as their partner, they have maintained their operational autonomy, and have benefitted from the additional resources to take their businesses to the next level for their agents and clients.”
“Expansion into the United States is a natural evolution for our firm, as we build upon our success in Canada as a premium operator of full-service brokerage businesses, in both the resale and pre-construction sales markets”, said Gavin Swartzman, President & CEO of Peerage Realty Partners.
“Madison represents the perfect opportunity to initiate our U.S. expansion, given its exceptional management team, strong market position, and abundance of growth opportunities. There is a solid cultural fit between our organizations, and we are very excited to partner with such an entrepreneurial, energetic leader as Todd Narlinger to expand the Madison brand and service offerings.”
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