George Slusser will assist the consulting agency provide steering to giant and small actual property firms amid an ongoing frenzy of mergers and acquisitions.
The WAV Group, an actual property consulting and analysis agency, introduced Wednesday that it has created a brand new division to concentrate on mergers and acquisitions, and that it has employed business veteran George Slusser to guide that division.
The brand new Mergers and Acquisition Advisory Division, as the corporate has dubbed it, will assist companies as they navigate something from small mergers to buyouts to “the most important, most complicated business transactions,” in accordance with an announcement. The division’s providers can be found to business and residential actual property brokerages, property administration companies, actual property tech firms, startups and others.
The creation of the division comes at a pivotal time in actual property, when mergers and acquisitions have develop into an nearly weekly incidence. Simply this week, for instance, Windermere acquired Lyon Real Estate, a significant unbiased brokerage in Sacramento California. Firms like Compass have additionally managed to expand quickly by way of a program of acquiring different companies.
Some firms, corresponding to Opendoor, have additionally used mergers as a method of going public.
All of which is to say, this seems to be a novel second when details about mergers and acquisitions is probably going in excessive demand. Slusser additionally expects these traits to proceed.
“Within the subsequent three years, we count on the document consolidation we have now already seen in the actual property brokerage business to proceed,” he mentioned within the assertion.
Slusser, the WAV Group’s alternative to guide the brand new division, was beforehand working because the chief operations officer (COO) at SVN Worldwide, a business actual property franchisor. Within the early 2000s he was the president and COO of Coldwell Banker Business Actual Property, and within the Nineteen Eighties was a regional govt at ERA. Thursday’s assertion notes that he helped spearhead “the most important acquisitions that made what’s now Realogy.”
The assertion provides that Slusser has been personally concerned in additional than 300 actual property mergers and acquisitions. Within the Nineties he moreover wrote a e-book on the subject, Buying Revenue.
WAV Group Managing Accomplice Victor Lund cited that e-book Thursday and indicated he’s excited to have Slusser within the firm.
“We will actually say,” Lund mentioned within the assertion, “that nobody will provide brokers higher M&A recommendation than WAV Group with George on board.”