Jason Mitchell Group Expands Reach Through iRealty Merger
Deal News | Mar 10, 2025 | EIN
The Jason Mitchell Group, an Arizona-based brokerage, announced its merger with Arkansas-based iRealty, expanding its presence to 42 states. This merger, involving nearly 200 agents and 1,400 transaction sides per year from iRealty, further cements JMG's strategic growth across the United States. Jason Mitchell, JMG's founder, emphasized the benefits of this acquisition, highlighting iRealty's quality agents and expanded referral network. iRealty's leaders, Kristen and Jon Kennon, will continue steering their operations, with JMG providing corporate support. This is the sixth merger/acquisition by JMG in the last three months. The merger comes shortly after the dismissal of a lawsuit filed by the Consumer Financial Protection Bureau against JMG and others, regarding allegations of a kickback scheme, which JMG and co-defendants denied.
Sectors
- Real Estate
- Corporate Mergers and Acquisitions
Geography
- United States – The merger expands Jason Mitchell Group's presence across 42 states, including newly entered Arkansas, emphasizing national strategic growth in the US real estate market.
- Arkansas – iRealty is an Arkansas-based brokerage involved in the merger, marking a significant geographical expansion for Jason Mitchell Group into this state.
Industry
- Real Estate – The merger between Jason Mitchell Group and iRealty involves real estate brokerages, focusing on expanding market presence and leveraging real estate transactions.
- Corporate Mergers and Acquisitions – The article details a corporate merger involving Jason Mitchell Group and iRealty, highlighting strategy and expansion in the competitive brokerage sector.
Financials
- – The financial terms of the merger between Jason Mitchell Group and iRealty are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Jason Mitchell Group | Bidding Company | Company | An Arizona-based real estate brokerage responsible for acquiring iRealty to expand its national presence. |
| iRealty | Target Company | Company | An Arkansas-based real estate brokerage with almost 200 agents, acquired by Jason Mitchell Group. |
| Jason Mitchell | Founder | Person | Founder of Jason Mitchell Group, leading the company's strategic expansion through mergers and acquisitions. |
| Kristen Kennon | Leadership at iRealty | Person | Leader at iRealty who will remain in their role following the merger. |
| Jon Kennon | Leadership at iRealty | Person | Leader at iRealty who will remain in their role following the merger. |
| Consumer Financial Protection Bureau | Government | Government | US government agency that had filed a lawsuit against Jason Mitchell Group among others. |