FC Tucker Emge, Realty Group merge - Evansville Courier & Press

06.01.09

The largest and third largest real-estate companies in the Evansville region have decided to merge their operations.

F.C. Tucker Emge Realtors, the largest according to sales, announced today that it has joined forces with The Realty Group, a real-estate company founded 11 years ago. As a result, F.C. Tucker Emge picked up about 70 real-estate agents, bringing its total to 230. It can now lay claim to about 33.4 percent of real-estate sales in this region, measured by dollar amount.

Kevin Eastridge, the chief executive officer of F.C. Tucker Emge, said mergers have become common in the real-estate industry.

“Medium-sized companies have lots of overhead but they are still not big enough to provide the kinds of services their agents and customers demand,” he explained.

The economic recession played little part in the decision, he said.

“We are always looking for the opportunity to grow,” he said, noting that the market shares of both F.C. Tucker Emge and The Realty Group rose in 2008.

Source: Evansville Courier & Press, IN

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