Partners Trust founder Nick Segal named Pacific Union LA president amid rebranding

Pacific Union acquired Partners Trust, John Aaroe Group and Gibson International within a year

TRD LOS ANGELES /
Jan.January 03, 2018 09:20 AM
Los Angeles, Pacific Union CEO Mark McLaughlin and Nick Segal (Credit: Wikimedia Commons, Pacific Union)

Pacific Union has named Nick Segal, former chief executive and founder of Partners Trust, as president of Pacific Union Los Angeles, the company announced Wednesday.

The announcement comes a day after the official rebranding of John Aaroe Group, Partners Trust and Gibson International, all of which Pacific Union gobbled up in the last 12 months during a shopping spree of Southern California brokerages.

San Francisco-based Pacific Union, led by Mark McLaughlin, first acquired John Aaroe Group in late 2016. The sudden retirement of its founder, John Aaroe, came a few months later.  Pacific Union then took its deep Fidelity National-backed pockets to Partners Trust, acquiring the luxe firm and its 240 associates in August. Finally, it increased its stake in Gibson International at the tail end of 2017, jumping from a 35 percent controlling stake to a 55 percent ownership.

Segal will now oversee the Southern California division of the mighty brokerage, leading 20 offices across the region. As a whole, Pacific Union now counts over 1,700 real estate professionals across 51 offices in California. It expects to reach $18 billion in sales in 2018, according to the company statement.


Related Article

arrow_forward_ios

Compass expands in Bay Area; acquires 1,300-agent brokerage

Celeb home thefts highlight challenges in age of Zillow and Trulia

This Wednesday: An inside look at the changing business of commercial brokerage

Deasy Penner to buy out Podley Properties

Pacific Union CEO won’t run combined Compass operation in California

Will Compass tie-up with Pacific Union shake up LA market?

John Aaroe returns from “retirement” for second time

Pacific Union launches web portal for pocket listings amid surge in off-market trading

arrow_forward_ios