When a company wants to expand its operations and experience considerable growth, some make the decision to move forward with a merger or acquisition. With thorough research and the right approach, this can be an excellent business strategy. However, there are a number of considerations that businesses in Fort Lauderdale and throughout Florida may have to focus on, such as investors, regulatory compliance, estate purchases and more.
Insignia Real Estate Companies and Colonial Square Management Group recently announced that they will merge into a new firm, Kova Partners LLC. Based in Naples, the partnership will serve Collier and Lee Counties and will also have offices in Fort Myers and Cranston, Rhode Island.
According to the CEO for Insignia Real Estate Companies, the merger will allow these two companies to strengthen their roots in these two counties. Furthermore, he says the partnership will result in a wider range of market offerings and let the two companies consolidate their expertise.
In order to ensure that a business merger is successful, it is imperative for firms to have a solid understanding of the ins and outs of the process and know how the move could impact their company. Trying to make sense of the legal process can seem complicated, but companies should do everything they can to ensure that they understand the laws and regulations that pertain to their merger. In order to simplify the experience and ensure that the right steps are taken, companies in this position could benefit from talking to an experienced legal professional.
Source: Naples Daily News, “It’s Your Business: Two Southwest Florida real estate companies merge,” April 16, 2014