Utah firm buys North Texas-based residential sales company
JP & Associates has been in the home sales business for a decade.
CEO JP Piccinni led a toast during the grand opening of JP and Associates Realtors Burleson office in 2017.(Smiley N. Pool / Staff Photographer)
11:30 AM on May 4, 2021 CDT
A Utah-based firm has teamed up with a private equity company to buy a North Texas residential sales operation.
Cairn Real Estate Holdings LLC of Salt Lake has acquired Frisco-based JP & Associates Realtors and its JPAR Franchising.
The just-purchased firms have 3,300 agents in 23 states. In 2020, the offices handled more than 22,300 home sales.
“The scale, reputation and market position of the company provides the foundational structure to grow a nationally based and highly competitive real estate services company,” Cairn Real Estate Holdings chairman and CEO Rick Davidson said in a statement.
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