Mergers & Acquisitions
By The Online Investor Staff, updated Sat., Sep. 19, 7:50 AM
| This Slide: #74 of 100 |
Slide #74. RE/MAX Holdings, Inc. — wemlo
Acquirer:
RE/MAX Holdings, Inc. (NYSE:RMAX)
Acquiree:
wemlo
Details:
RE/MAX Holdings, Inc. (NYSE: RMAX) - parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first national mortgage brokerage franchise brand in the U.S. - today announced the acquisition of wemloSM, an innovative fintech company that provides third-party mortgage loan processing services.
Re/Max Holdings is a holding company. Co.'s business is to act as the sole manager of its subsidiary, RMCO, LLC. Co. operates under the following segments: RE/MAX Franchising, which comprises the operations of Co.'s owned and independent global franchising operations under the RE/MAX brand name; Motto Franchising, which comprises the operations of Co.'s mortgage broker franchising operations under the Motto Mortgage brand name; and Marketing Funds, which comprises the operations of Co.'s marketing campaigns designed to build and maintain brand awareness and the development and operation of agent marketing technology.
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Avg. Broker Rec.
 
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Buy (2.92 out of 4) 30th percentile
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