George Slusser will assist the consulting agency provide steering to massive and small actual property corporations 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 give attention to mergers and acquisitions, and that it has employed trade veteran George Slusser to guide that division.
The brand new Mergers and Acquisition Advisory Division, as the corporate has dubbed it, will assist corporations as they navigate something from small mergers to buyouts to “the biggest, most advanced trade transactions,” in response to an announcement. The division’s companies can be found to industrial and residential actual property brokerages, property administration corporations, actual property tech corporations, startups and others.
The creation of the division comes at a pivotal time in actual property, when mergers and acquisitions have turn out to be 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 corporations.
Some corporations, akin 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 tendencies to proceed.
“Within the subsequent three years, we anticipate the file consolidation we’ve already seen in the actual property brokerage trade 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 industrial actual property franchisor. Within the early 2000s he was the president and COO of Coldwell Banker Business Actual Property, and within the Eighties was a regional govt at ERA. Thursday’s assertion notes that he helped spearhead “the foremost 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 ebook on the subject, Buying Revenue.
WAV Group Managing Accomplice Victor Lund cited that ebook 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.”