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United Country Secures Investment Capital To Promote Accelerated Growth

    
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United Country Secures Investment Capital
to Promote Accelerated Growth in 2006
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February 28, 2006 – KANSAS CITY, Mo. – United Country Real Estate announces that the company has secured growth capital to support its expanding network of affiliate offices through enhanced marketing and ancillary services for the benefit of its franchise partners.

“The decision to secure investment capital from a strong investment group was in support of our continuing growth and a long standing goal to enhance the value of our offering to both existing franchise partners and to those considering affiliation in order to improve their business performance,” stated Lou Francis, president of United Country.

This announcement comes on the heels of United’s late-January announcement regarding record growth in 2005. The company reports adding a record 113 new affiliates to its network in 2005, thus bringing the current tally to 526 offices across 35 states.

Given strong growth in recent years, it was time for United Country to secure investment capital, according to Francis. The company’s preeminent desire to preserve a culture where employees, franchisees and families take center stage resulted in partnering with an investment group led by Dan Duffy, a private investor from Southlake, Texas;

Jared Brown of Herbert Brown and Associates, Tampa, Fla.; Capital Resource Partners of Boston, Mass.; and Austin Ventures of Austin, Texas.

“United Country has been approached a number of times over the past few years by other investment groups interested in purchasing the company. Until now, United has declined all offers because we did not feel that the ‘cultural fit,’ alignment of long-term vision and timing were right,” Francis said. “This time, however, all the pieces fit.”

Post investment, Francis will continue to run the day-to-day operations of the business in his role as president, and Carl Hopkins will continue in his role as chief financial officer. Duffy will serve as the company’s Chairman of the Board and chief executive officer, focusing primarily on business development, launching ancillary services, and the identification and deployment of technology to support the franchise network.

“I am honored to be part of this organization and am looking forward to working with the team at United Country as well as the franchisees to build on the success they have experienced over the past 80 years,” Duffy said.

United Country is the only national real estate franchise system specializing in residential, farm and ranch, commercial and recreational properties located in the small cities and towns of rural America. With a heritage dating back to 1925, the Kansas City-based company has 526 offices in 35 states and offers a national database of properties at www.unitedcountry.com.

NATIONAL HEADQUARTERS
2820 NW Barry Road, Kansas City, MO 64154
816-420-6200  www.unitedcountry.com


Members of the media needing information on United Country or our marketplace, contact
Angela Smith, Public Relations & Social Media Manager
Phone: 816.620.6241 or Email: asmith@unitedcountry.com
 
  
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