William Raveis’ acquisition of Fenton & Lang became effective Monday, according to a news release from the company.
William Raveis, which opened its first office in Fairfield in 1974, will gain two offices on Jupiter Island and Hobe Sound in Florida. The Florida luxury firm had $300 million in 2020 production, according to the news release.
“It is truly an honor to join forces with another family-owned firm that shares our commitment to reinvesting back into the community, compassionate family values and innovative business vision,” said William “Bill” Raveis, chairman and chief executive officer of the real estate company.
The company works across eight states and is projected to produce $20 billion in sales for 2021, up 20 percent from 2020, according to the news release. The acquisition bumps the company’s Florida offices up to 16.
About two months ago, William Raveis acquired another company in Sarasota, Fla., spokeswoman Marni Lane said.