Re/Max Results Acquires St. Cloud Realty Office
Eden Prairie-based residential and commercial real estate brokerage Re/Max Results announced Monday that it has acquired Re/Max Realty Source in St. Cloud.
Financial terms of the acquisition were not disclosed. Re/Max Results assumed operations of Re/Max Realty Source on March 1, and the acquired business will operate under the Re/Max Results brand.
“We are pleased to welcome Re/Max Realty Source's sales executives to Re/Max Results,” John Collopy, Re/Max Results' co-owner and broker, said in a statement. “We look forward to combining the best of both companies to create a solid market presence that will continue to forge the future of real estate in St. Cloud.”
The acquisition strengthens Re/Max Results' presence in St. Cloud, where it opened an office a year ago, and it represents the next step in the company's expansion outside of the Twin Cities. It is the third purchase made recently by Re/Max Results: In February, the company bought Re/Max of Rochester and Re/Max Realty Plus in Austin.
Re/Max Results, which is the largest Re/Max franchise in the country, now includes 24 locations and nearly 700 associates. It operates offices throughout the Twin Cities, St. Cloud, and western Wisconsin.