The Keyes Co. and Illustrated Properties announced a merger on Wednesday, in a deal that makes the combined firm the largest independently owned real estate brokerage in Florida.
“It’s really two families coming together,” said Mike Pappas, CEO of Miami-based Keyes. “We will be maximizing each other’s strengths.”
The South Florida firms said they will continue selling homes under their existing names and will blend management teams and employees. Terms were not disclosed.
No job cuts or office closings are planned, Pappas said.
“That’s not our intention,” Pappas said. “It’s all about growth.”