The combined company has a network of over 3,700 real estate associates, a news release said. Financial terms of the acquisition were not disclosed.
Latter & Blum, the largest independently owned real estate brokerage in Louisiana, finished 2019 with over $4.5 billion in sales. The 104-year-old, New Orleans-based company has over 28 offices in Louisiana, Mississippi and Texas and more than 3,000 agents. The firm consists of Latter & Blum Inc., NAI Latter & Blum Commercial Real Estate, Latter & Blum Insurance Services, and Essential Mortgage Company. Lacey Merrick Conway succeeded her father, Bob Merrick, as CEO in January.
Gardner Realtors, established in New Orleans over 75 years ago by Gertrude Gardner, has over 800 real estate professionals in 24 offices in the New Orleans and Baton Rouge areas and along the Mississippi Gulf Coast, according to its website.
The release said the transaction will give agents access to more advanced technology and marketing and strengthen Latter & Blum’s reputation. Other terms of the deal, including details of company leadership, headquarters and offices, were not disclosed in the release.
It included statements from the company’s two leaders:
“We are thrilled to combine forces with Gardner Realtors, a company who has built a trusted brand for decades and upheld its longstanding tradition of excellence in real estate,” Conway said. “Together, with our real estate professionals under one name, we are excited to amplify our mission and live up to our legacy of helping people build lives and enhance communities for many more generations.”
“By joining our people, cultures, shared histories and mutual respect for each other, we are now one unified force of good and independence in our local communities,” said Glenn M. Gardner, president and CEO of Gardner Realtors. “We are the two leading local real estate families coming together to carry out our mission in even greater ways of helping our clients and Realtors build the life they love! As proud new members of the Latter & Blum Family of Realtors, we look forward to providing even greater services to our clients and Realtors while we continue to show ‘Gardner Love’ to the communities we serve through our family of Realtors and The Gertrude Gardner Foundation.”