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Organizational Announcement

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Royal LePage 100 Yrs logo (2012)

ORGANIZATIONAL ANNOUNCEMENT
Royal LePage Announces Major Expansion

TORONTO, October 1, 2013 – Royal LePage today announced the acquisition of Prudential Town Centre Realty operations in four regions of Ontario, which will operate under the Royal LePage banner, effective September 30, 2013.

“We are delighted to have these teams of highly regarded professionals join our company,” said Phil Soper, President and CEO, Royal LePage.  “In each of these regions — Ottawa, Kingston, Niagara and Oakville — Royal LePage is already the leading real estate firm.  This position of market leadership has been further strengthened with this bold move.”

Allan Bain and Michael Stothers, owners of Prudential Town Centre Realty, which is the parent of the four locations acquired, are pleased to be joining the Royal LePage network. Allan started his brokerage in Oakville in 1989 under the name Countrywide Town Centre Realty. He converted his brokerage to Prudential a number of years later, growing his business from an original six sales representatives to more than 200 working in multiple branches from Niagara, Oakville, Ottawa and Kingston. Michael Stothers joined Allan at Prudential Town Centre Realty in 2004 as a partner with management responsibility for the Oakville office. He has worked as an educator, professional recruiter and small business owner.

Outlined below are the announcements for each of the four acquisitions.