OPF buys Farrall, largest purchase in its history

Real Estate Watch

January 18, 1998

O'Conor, Piper and Flynn Realtors has made the largest acquisition in its history by purchasing L. K. Farrall Ltd., an independent real estate company in Waldorf.

James P. O'Conor, chairman of O'Conor, Piper and Flynn, said the sale was "very significant" for OPF because it gives the company a foothold in Charles and St. Mary's counties -- where it had no presence. He did not disclose the sales price.

The transaction adds five offices and 175 associates. The offices are in Waldorf, Charlotte Hall, Lexington Park, La Plata and Camp Springs. O'Conor said all managers and staff will stay with the company.

Previously, the biggest transaction that OPF had made was when it acquired Columbia-based American Properties Inc. and its three offices in August 1996.

"The Farrall name is a very well-known name and they have a very strong market share down there," O'Conor said.

To maintain continuity, the new company will be called O'Conor, Piper and Flynn, Farrall Ltd.

O'Conor said he had a long association with Leo Farrall, the company's principal, who died last year.

Judy Farrall, who became president of the firm after her husband's death, said: "I am very comfortable with our decision to merge with O'Conor, Piper and Flynn. The companies' related philosophies on being a community-minded broker [made] OPF the ideal broker to foster the growth of both our offices and agents."

The acquisition pushes OPF's total offices to 51 with more than 1,875 sales associates.

Pub Date: 1/18/98

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