The Dallas-based Carwin Advisors, announced today the firm’s next step in westward expansion through the acquisition of Orange County, Calif. real estate advisory firm The Arges Group. The deal, approximately $2 million according to an inside source, includes keeping the entire Arges staff as well as incorporating The Arges Group co-founders, Bret Berry and Scott Miller, as senior directors of the new branch. “We were first attracted to the fact that the entire Arges team embodies what we call the ‘Carwin DNA'” commented Patrick Vedra, managing director of Carwin. He said they have “real operational experience, an unmatched focus on clients, and an accelerated sense of urgency.” Vedra said Arges is sound financially and the deal was strictly a matter of strategic expansion. He said Carwin now has over 50 advisers nationwide. Vedra added the firm is excited to have a presence in California and that Arges is not only increasing Carwin’s clientele base, but giving it a local edge as well. “I think it [the acquisition] gives us greater depth in the west and shows new opportunities for growth,” he said. Carwin Advisors is a national full-service real estate advisory firm currently serving clients in California, Nevada, Colorado, New Mexico, Arizona, Montana, Texas, Georgia, Florida, North Carolina, South Carolina and parts of the Caribbean. The Arges Group is Carwin’s third branch west of the company’s headquarters in McKinney, Texas, and eighth branch nationwide. The other branches are located in Las Vegas, Phoenix, Houston, South Carolina and Georgia. Write to Christine Ricciardi. Disclosure: The author holds no relevant investments
Carwin acquires real estate advisor Arges Group and moves further west
September 1, 2010, 5:34pm
Christine was a reporter with HousingWire through August 2011.see full bio
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Christine was a reporter with HousingWire through August 2011.see full bio