Houlihan Lawrence Continues Connecticut Expansion with Acquisition of Ridgefield Brokerage Firm
Real Estate In-Depth | March 3, 2022
RIDGEFIELD, CT—Houlihan Lawrence reports it has continued its expansion in Connecticut with the acquisition of Neumann Real Estate, a brokerage firm with operations in Ridgefield and New Fairfield in Fairfield County, CT.
The deal marks the second transaction by Rye Brook-based Houlihan Lawrence in 2022 to expand its presence in Connecticut. In January, the company announced that New Haven, CT-based brokerage firm Wareck D’Ostilio joined Houlihan Lawrence as an independently owned affiliate. Wareck D’Ostilio’s 75 agents and five offices span New Haven, Milford, Woodbridge, Branford and Old Saybrook, CT.
Like Houlihan Lawrence, with roots dating back to 1888, Neumann Real Estate has been a family-owned and operated real estate brokerage for more than 50 years. Founded in 1969 by Harry and Lorraine Neumann, the company is led by the family’s second generation – Chip, Russ, Jeff, Bob, and Shaylene Neumann, Recently, members of the family’s third generation joined the company.
No financial terms of the purchase of Neumann Real Estate were disclosed.
“It was important for us to find a partner that fits our company culturally and shares the same values on how to service our clients. I truly believe that we found that partner in Houlihan Lawrence,” said Russ Neumann. “It is a seamless combination for us, as the #1 brokerage in Ridgefield, to join Houlihan Lawrence as the #1 brokerage north of New York City,” added Bob Neumann.
“I have long admired the Neumann family and the great company they’ve built. This partnership brings together two like-minded companies, and we proudly welcome the team from Neumann into our family of over 1,450 agents,” said Liz Nunan, President and CEO of Houlihan Lawrence. “We look forward to strengthening our footprint with offices in Ridgefield and New Fairfield to better serve our agents, clients, and communities.”
Neumann Real Estate began operations as a Houlihan Lawrence effective on March 2nd, with the leadership team continuing as real estate agents serving the Ridgefield and New Fairfield communities.
Houlihan Lawrence is a leading real estate brokerage serving New York City’s northern suburbs. Founded in Bronxville in 1888, the company now has 30 offices and more than 1,450 agents serving Westchester, Putnam, Dutchess, Columbia, Ulster and Greene counties in New York and Fairfield and Litchfield counties in Connecticut.