SACRAMENTO, Calif.--(BUSINESS WIRE)--Lyon Real Estate, the region’s leading independent residential real estate company, has been acquired by Windermere Real Estate, a family-run firm, and the largest regional real estate company in the Western U.S.
Lyon Real Estate has been a fixture in the greater Sacramento region for 75 years with 800+ agents who generated over $2.86 billion in sales last year. Windermere Real Estate was founded in 1972 in Seattle and is operated by second-generation leadership Geoff Wood, Jill Jacobi Wood, and OB Jacobi. Both companies are members of the prestigious Leading Real Estate Companies of the World® and Luxury Portfolio International® networks which is how the leaders of the two companies first met.
Under the terms of the acquisition, Lyon Real Estate will continue to operate under its name and brand and will maintain the current leadership team, including president and chief operating officer Pat Shea.
Lyon Real Estate agents and their customers will benefit from Windermere’s enhanced marketing resources, professional development, relocation and referral services, as well as an in-house chief economist.
“This new chapter for Lyon Real Estate is a perfect fit when taking into account our mutual values of superior customer satisfaction, and long-term relationships with our clients, agents, and community,” says Laura Lyon, former Chair of the Board and the daughter of William L. Lyon, the company’s founder. “The Jacobi-Wood family brings a new and highly engaged second generation of family leadership that is committed to growth and giving back.”
Shea describes this union as the blending of two accomplished and well-respected real estate brands. “We will each continue to maintain our own identity,” he says. “Our company and agents will have the absolute best of both worlds.”
Shea added that over the years, Lyon Real Estate has been approached by a number of suitors seeking a strategic growth opportunity. “This timing is right because Windermere is well suited to maintain the company’s legacy and grow it in the future,” said Shea. “The Lyon family’s first priority is that they leave the company they built and have run for the past 75 years in the best possible hands for the long term,” he added.
OB Jacobi, Windermere co-president states, “We’ve been looking for the right opportunity to grow our network in Northern California and chose Lyon Real Estate because of the strength of their brand, leadership team, and our aligned culture and values. We are fully committed to supporting this great agent network, as well as the admirable work of the Lyon Cares Foundation.”
About Lyon Real Estate
Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento (Sacramento Business Journal). We are proud to be homegrown, privately owned, and internationally known. Lyon has served the area for over 75 years. Last year, the company closed a total of $2.86 billion in sales volume. Lyon Real Estate has over 800 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. Since 2015, the Lyon Cares Foundation has contributed more than $780,000 to local non-profits.
About Windermere Real Estate
Windermere Real Estate is the largest regional real estate company in the Western U.S. with over 300 offices and 6,500 agents serving communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Mexico. Last year, Windermere closed 77,000 home sales for more than $36.7 billion in dollar volume. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Since 1989, the Windermere Foundation has contributed more than $42 million towards improving lives in the communities where we live and work. For more information, visit windermere.com.