Originally created 07/03/97

Trotter to merge with Meybohm



In a move that will be final Aug. 1, Trotter Realty Co. will merge its residential and commercial real estate brokerage company with Meybohm Realtors.

The merger brings both Trotter offices - one in North Augusta and one in West Augusta - under the Meybohm name.

The North Augusta office, which is currently leased by Trotter, will close in a few months, according to Jean Morris, president and owner of Trotter Realty Company. The employees will be transferred to the North Augusta Meybohm office.

"In the future there will be some consolidation of offices," said Bill Boatman, executive vice president of Meybohm. "But we do not expect any layoffs."

Mr. Boatman said there are "cash and property considerations" involved in the transaction, but he declined to elaborate on purchase prices.

Eventually, Meybohm will be building a large office building in the Wheeler Road and Walton Way Extension area, according to Mr. Boatman.

The combined companies will employ between 140 and 150 sales agents. Meybohm will be expanding its market share of properties for sale form 23 percent to 30 percent with the merger.

"To become the kind of company we want to be, we've got to grow and increase our market share," Mr. Boatman said. Prior to the merger, the company also held 30 percent of the property sales in the market.

"I am thrilled about this," Mrs. Morris said. "This is a good move and a positive move for both companies. I wouldn't have done it if I hadn't thought it was not a good move.

"I've been in real estate for 25 years and I've never seen a merger this big in this area," said Mrs. Morris, who will remain active in the merged company.