ERA franchise acquires Michigan-based independent firm

By Housing News


Michigan
-based


ERA
Prime
Real
Estate
Group

has
acquired
Southgate,
Michigan-based

Compass
Realty
Pro
,
the
company
announced
on
Monday.

The
financial
terms
of
the
deal
were
not
disclosed.
According
to
the
announcement,
this
acquisition
will
expand
ERA
Prime
Real
Estate
Group’s
market
share
in
southeast
Michigan.
ERA
Prime,
which
was
founded
in
2017
by
Willie
Ray
III,
currently
has
offices
in
Farmington
and
Grand
Blanc,
Michigan.
In
addition
to

real
estate
brokerage
services
,
the
firm
also
offers

mortgage

and

title

services.

Compass
Realty
Pro
was
founded
in
2014
by
Mark
Higgins,
who
will
join
ERA
Prime
Real
Estate
Group
as
a
managing
broker.

“Over
the
last
15
years,
we
have
developed
close
relationships
with
the
communities
that
we
serve,”
Higgins
said
in
a
statement.
“We
are
excited
to
join
forces
with
Willie,
working
together
to
support
our
clients
with
exceptional
service.”

This
is
Ray’s
second
acquisition
in
less
than
a
year.
In
the
fall
of
2023,
his
firm
acquired
the
Farmington-based
operations
of
a
fellow
ERA
broker/owner.

“Joining
forces
with
Mark
will
create
tremendous
synergies
for
our
combined
company,”
Ray
said
in
a
statement.
“Mark
has
assembled
and
developed
a
highly
respected
group
of
real
estate
professionals
who
share
the
same
values
of
collaboration
and
community.
We
are
both
excited
about
the
opportunity
to
capitalize
on
the
growth
that
is
inherent
in
the
region
to
grow
and
expand
our
company.”

 

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