NAI James E. Hanson has acquired The Garibaldi Group and NAI Summit. Together NAI James E. Hanson, TGG and NAI Summit will now total over 100 team members and over 10M square feet of properties under management.
NAI James E. Hanson’s President, William C. Hanson, will now serve as president of the three companies. TGG will relocate its offices from Chatham to NAI James E. Hanson’s Parsippany office at 10 Lanidex Plaza West. NAI Summit will continue to operate under its name and out of its office at 1620 Pond Road in Allentown, Pa.
“This is very exciting. Our families have multi-generational relationships. We have similar cultures and values that make this feel like a natural fit,” Hanson said. “Our acquisition of The Garibaldi Group and NAI Summit will strengthen our geographic reach across New Jersey and Pennsylvania, deepen our presence and reinforce our expertise in important asset classes. We are thrilled to welcome The Garibaldi Group and NAI Summit to the NAI James E. Hanson team and look forward to leveraging our combined strengths to deliver an unmatched level of service to our clients.”
Jeffrey Garibaldi Jr. will remain in his role as managing partner of NAI Summit and continue to oversee day-to-day operations in collaboration with William C. Hanson.
“The roots of this transaction trace back to our acquisition of NAI Summit, combined with our family’s more than 50-year relationship with the Hansons. This key strategic move will enable us to join forces in the northern New Jersey market to deliver an unmatched commercial real estate services experience to businesses of all sizes,” Garibaldi, Jr., said.
Jeffrey Garibaldi, Sr., CEO of TGG, continued, “As a multigenerational family business, we saw a natural alignment with NAI James E. Hanson’s values and vision. This partnership represents a unique opportunity to combine our deep expertise and longstanding relationships to build one of the region’s most comprehensive and dynamic commercial real estate services platforms. We are excited to work together to continue to deliver innovative solutions and exceptional results for our clients.”
John Cromie and Amanda Kelly of Connell Foley LLP provided legal services and Kevin Collins of Aprio Advisory Group LLP served as the accountant for the transaction on behalf of NAI James E. Hanson. James DiGuilio and Michael Dee of O’Toole Scrivo provided legal services and Michael Zone of Weisman & Co. served as the accountants for the transaction on behalf of The Garibaldi Group and NAI Summit.
