Compass has acquired Central Coast Realty Group (CCRG), a central coast-based indie brokerage with 42 agents and five offices, the company announced Friday. With the acquisition, the New York City-founded Compass grows to more than 12,000 agents in 250 offices.
Eric Pinckert, the broker and co-owner of CCRG will stay on as the managing director of the northern central coast.
“By partnering with Compass, an innovator in the real estate industry, CCRG will be a part of the future of real estate alongside the best agents across the country,” Pinckert said in a statement.
Compass plans to retain all five of CCRG’s offices and all 42 agents and five staff members, a spokesperson for Compass told Inman. The spokesperson declined to share CCRG’s sales volume and transaction sides from 2018.
We’re excited to announce that CCRG has joined Compass! CCRG’s deep commitment to their community and longstanding reputation in the Central Coast make them incredible partners as we continue to grow our presence throughout California. pic.twitter.com/vSBhB0DLW5
— Compass (@Compass) June 29, 2019
The acquisition is Compass’ second in California this year and fourth overall. In March, the Company announced the acquisition of Alain Pinel Realtors and last year, it acquired Pacific Union International and Paragon Real Estate Group.
Compass has grown precipitously on the backs of major acquisitions – including Stribling & Associates in New York, Avenue Properties in Seattle, Conlon Real Estate in Chicago and Wydler Brothers Real Estate in Washington D.C., in addition to the aforementioned California acquisitions.
How do you stay ahead in a changing market? Inman Connect Las Vegas — featuring 250+ experts from across the industry sharing insight and tactics to navigate threat and seize opportunity in tomorrow’s real estate market. Join more than 4,000 top producers, brokers and industry leaders to network and discover what’s next, July 23-26 at the Aria Resort. Hurry! Tickets are going fast, register today!
Thinking of bringing your team? There are special onsite perks and discounts when you buy tickets together. Contact us to find out more.