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Coldwell Banker & Company became a corporation in 1961, and went public in 1968. In 1981 it was bought by Sears, Roebuck , and became part of the Sears Financial Network. [ 6 ] [ 7 ] In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 million.
Fastsigns International Inc. (stylized as FASTSIGNS) is the franchisor of Fastsigns centers which provide custom sign and graphics products. [1]There are currently over 700 Fastsigns locations worldwide in United States, Canada, the U.K., the Cayman Islands, Mexico, Saudi Arabia, [2] the UAE, Chile and Australia (where centers operate under the name Signwave).
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The company changed its name to HFS Inc. the same month, to reflect its broadened scope. [15] [13] This was followed the next year with the acquisition of Electronic Realty Associates for $37 million, [16] and Coldwell Banker for $740 million, making HFS the largest franchisor of real estate brokerages in the U.S. [17]
The company continued to grow in 1999, entering Dallas/Fort Worth, Harrisburg and Milwaukee markets. With these new holdings, NRT reached its 100th acquisition mark. [3] In 2000, NRT set a "real estate industry record, surpassing $100 billion in closed sales volume" and acquired Fred Sands Realtors, a $5 billion company based in Los Angeles. [3]
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