Newmark Group Says Why It Acquired MLG

Michael Sheinkop, president, brokerage recruiting and acquisitions at NKF

NEW YORK CITY—Newmark Group which operates Newmark Knight Frank recently closed on its acquisition of MLG Commercial, a Wisconsin brokerage and property management company with 18 brokers in an office in Milwaukee and two brokers in an office in Madison. Although NKF declined to provide the amount paid for the acquisition, it notes that last year MLG completed nearly 400 transactions for a total value of nearly $250 million.

“It’s no secret that Newmark was a smaller company eight years ago and that we are now this much larger is solely a function of M&A and recruiting,” Michael Sheinkop, president, brokerage recruiting and acquisitions at NKF, tells GlobeSt.com. The company has acquired 16 companies since 2017. “And you don’t just recruit on the coasts. You recruit at all the financial epicenters and centers of excellence around the country.”