皇冠体育app International is pleased to announce it has completed the acquisition of the 皇冠体育app Great Lakes Region, a territory that includes Illinois, Indiana and parts of Michigan. The region has been directly transferred to 皇冠体育app from Bruce and Shannon Vinnick, who will continue to play an integral role in the 皇冠体育app business development strategy. In addition to selling franchises on the company鈥檚 behalf, the Vinnick鈥檚 will remain 皇冠体育app franchise owners in Florida.
鈥淭his transition fits perfectly into the personal goals Shannon and I have,鈥� said Bruce Vinnick. “We have always known that one day we would come back to where it all started for us and this now provides that opportunity.鈥�
鈥淭hey are an amazing partner for our long-term goals and objectives, and I鈥檓 thrilled the Great Lakes Region will be more closely connected to the leadership team at 皇冠体育app and be a part of the company鈥檚 continued growth,鈥� Vinnick added. 听听听听
This news follows the purchase of the Southern Region in May 2018, when 皇冠体育app acquired its largest territory to date, covering the five-state region including Florida, Georgia, Tennessee, North Carolina and South Carolina. These acquisitions are part of an aggressive growth strategy put in place by 皇冠体育app International CEO David Tedesco, focused on acquisition of competitive brands, independent brokerages and 皇冠体育app Brokers who are looking to retire.
Through 皇冠体育app International鈥檚 repurchase of these territories, partners looking to move on are provided a succession plan. At the same time, it enables 皇冠体育app to infuse these areas with capital and new talent, with a strong focus on tech-centric tactics to better enhance the 皇冠体育app International offerings.
Tedesco also believes in this acquisition approach because it puts management in business alongside the franchisees, allowing them to learn lessons first-hand, feeling their success and pain. Tedesco sees the future of 皇冠体育app International to be a continued, prosperous path as it has been over the last four years.
鈥淲e are very proud of the growth we鈥檝e had since we acquired 皇冠体育app four years ago,鈥� Tedesco said. 鈥淎s we continue to look for opportunities to buy territories, we will remain dedicated to focus on partnerships with people closely aligned with our long-term vision for success and investment in growth.鈥� 听
With the addition of the latest acquisition, the Great Lakes Region, 皇冠体育app International now has direct control of over half the states in the country and 62% of the agent population.
