Montminy & Co. acted as the exclusive financial advisor in the sale of two market-leading real estate agencies, ONE Sotheby’s International Realty (“ONE Sotheby’s”) and Callaway Henderson Sotheby’s International Realty (“CH Sotheby’s”), to Sotheby’s International Realty (“SIR”), a division of Compass (NYSE: COMP).
This exciting combination brings together desirable luxury markets with the iconic Sotheby’s International Realty brand under Compass’s unmatched proprietary technology and global scale.
The acquisition marks the largest in South Florida in years and is another sign of increased consolidation in the residential brokerage business. A decade ago, the Pappas family’s Keyes Company acquired Illustrated Properties, creating one of the biggest independent firms in Florida.
Based in Miami, ONE Sotheby’s is one of the nation’s premier Sotheby’s International Realty franchises, serving Florida’s most desirable luxury markets with 30 offices and over 1,400 real estate professionals. Founded in 2008, is led by CEO Daniel de la Vega and his mother, executive chair Mayi de la Vega. They will stay in their respective roles. Daniel was named CEO earlier this year as part of a long-term success plan.
