SARATOGA, CA - Alain Pinel Realtors (APR), the family-owned real estate brokerage with nearly 1,300 agents and 30 offices in Northern California, has acquired Hill & Company, a San Francisco real estate firm with deep roots in some of the city’s most desired neighborhoods and a reputation for extraordinary professionalism.
Hill & Company’s agents and three offices in Pacific Heights, Noe Valley and the Marina will transition to APR in the coming weeks. The company closed over $545 million in sales in 2017.
“APR is driven by an unshakable dedication to quality in everything it does, and this acquisition very much reflects that commitment,” said Mike Hulme, president of APR. “Hill & Company was built upon an ethic of professionalism that aligns perfectly with our values.”
“This combination creates a compelling opportunity for our agents, who can now realize the benefits of APR’s forward-looking technology vision, Bay Area-wide footprint and global marketing reach,” said Jay Costello, president of Hill & Company. “And, given that we are both family-owned companies with longstanding ties to the Bay Area, our values, cultures and approach to decision-making are very much aligned.”
Costello, along with Hill & Company’s other two managers, Eileen Mougeot and Jill Gumina, will remain with APR through the acquisition and will jointly manage the firm’s San Francisco offices with APR San Francisco Vice President & Managing Broker Rick Turley.
“The real estate business here in the Bay Area never stops changing, and we will continue to act upon important strategic opportunities when they arise,” concluded Hulme. “But our desire to create superior real estate experiences remains a constant.”
APR had a sales volume of more than $12.2 billion in 2017 and has the highest average sale price in the United States, according to real estate consulting firm Real Trends.
“We were ably represented by REAL Trends in the work that led to this combination with Alain Pinel Realtors,” said Costello. “Their assistance was valuable to us both personally and professionally.”
About Alain Pinel Realtors®
Alain Pinel Realtors (APR) is the largest privately owned residential real estate company in Northern California and is consistently ranked among the top ten largest residential real estate firms in the United States based on closed-sales volume. The firm has nearly 1,300 agents in more than 30 offices throughout Northern California. APR was founded in 1990 by CEO and President Paul L. Hulme, and is based in Saratoga, Calif. Visit us at apr.com, china.apr.com, facebook.com/AlainPinelRealtors and @AlainPinel.