JPAR acquired by Cairn Real Estate

Cairn Real Estate, run by Chairman and CEO Rick Davidson, and backed by private equity firm Aperion Management has a goal to acquire brokerages companies and build a new national real estate enterprise. Its first major acquisition occurred in May when Cairns acquired the brokerage JP and Associates Realtors together with the fast-growing JPAR franchise. Davidson previously served as president and CEO of Century 21 from 2010 to 2017.