Boston Real Estate Deal estimating over a billion dollars in assets will continue to develop key locations in the city and suburban areas.
Online PR News – 29-September-2016 – Boston, MA – Efficient Evolutions is pleased to announce that the assets of our client, The Collaborative Companies Collaborative Companies of Boston, Mass., were recently acquired by NRT LLC. Efficient Evolutions advised The Collaborative Companies prior to the sale in matters related to exit planning and business valuation, and throughout the sale process on matters such as identifying and contacting suitable acquirers, negotiation of sale terms, and due diligence.
With 30 employees, the single-office The Collaborative Companies, specializes in developing and implementing comprehensive sales and marketing programs for large-scale, vertical urban and suburban development projects throughout Greater Boston. The Collaborative Companies is currently involved in more than $1 billion dollars of projects in the Greater Boston area. NRT is the nation’s largest residential Real Estate brokerage firm and operates Coldwell Banker Residential Brokerage in New England, with a corporate office in Waltham, Mass. This Business Acquisition strengthens NRT’s vertical urban and suburban development in the Greater Boston area.
“The Collaborative Companies represents some of the most prominent development projects in the region, and this acquisition expands our presence and strengthens our foothold in the vertical real estate development space,” said Maureen Passerini, executive vice president of the Northeast and Eastern Seaboard regions of NRT. “With the addition of The Collaborative Companies, we have significantly bolstered our ability to successfully service urban and suburban residential developers as they launch and create some of the most groundbreaking housing developments in and around Boston.”
Sue Hawkes, owner and CEO of The Collaborative Companies, will continue with the company as managing director of The Collaborative Companies.“By joining with this premier real estate brokerage company, our employees will gain access to industry-leading technology, as well as NRT’s nationwide reach, which will help them excel even further at marketing substantial residential real estate projects,” said Hawkes. “Our clients and customers will greatly benefit from this relationship, and I look forward to continuing to lead this group as we thrive in this competitive landscape.”
“Efficient Evolutions was invaluable throughout this entire process. The company provided strategic advice that helped to make the acquisition as smooth as possible,” added Hawkes.
ABOUT NRT LLC:
NRT LLC is the nation’s largest residential real estate brokerage firm. NRT owns and operates companies in approximately 50 of the 100 largest metropolitan areas in the United States, with approximately 790 offices and approximately 46,800 independent sales associates. NRT is the subsidiary of Realogy (NYSE: RLGY) that operates all company-owned real estate brokerage offices under Realogy’s Coldwell Banker®, Coldwell Banker Commercial®, Sotheby’s International Realty®, and ZipRealty® brands, as well as powerful regional and local brands, The Corcoran Group® and Citi Habitats.
ABOUT EFFICIENT EVOLUTIONS:
Founded in 2005, Efficient Evolutions is a company sale, company acquisition, and business appraisal consultancy based in the Boston Metro West area. Most transactions the company is involved in have a value between $1 million and $20 million. Efficient Evolutions services most industries, including healthcare, consumer products, environmental & engineering services, medical devices, business services, transportation, manufacturing, instrumentation, IT, media, distribution, Web or cloud Based, real estate. The company represents small and medium sized companies, individual investors, and private equity firms and handles transactions all over the US and overseas.
CONTACT: Anja Bernier