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The Art of the Merge: What Happens When Two Real Estate Powerhouses Get It Right

It's June 2024, and two of Sydney's most successful real estate leaders are doing due diligence on each other โ€“ only to discover they're calling the same people for references. Six months after that announcement, their merger has created one of the most powerful property groups within 10 kilometres of Sydney's CBD. But what makes this story worth studying isn't just the size of the deal.

There’s a moment in every business owner’s life when they stare at their ceiling at 3am and wonder: Should I keep building alone, or is it time to find a dance partner?

For Randall Kemp, who’d spent 20 years building The Woollahra Group into an eastern suburbs powerhouse, that moment came with a realisation that growth could be accelerated through the right partnership.

Meanwhile, across Sydney, Thomas McGlynn was leading BresicWhitney with complementary ambitions โ€“ they had the engine, the culture, and the systems, but saw an opportunity to expand their presence into new markets.

What happened next isn’t your typical real estate merger story.

It’s a masterclass in what happens when two leaders actually do the hard work of figuring out if they should join forces โ€“ and then execute it properly.


The Dating Phase: How to Know If You’ve Found the Right Partner

Thomas puts it bluntly:

“This would’ve never really worked if there wasn’t a real need for what the other in the equation had.”

Here’s where it gets interesting. While most mergers in real estate happen because someone wants to retire or wind down, this was two ambitious businesses at their peak deciding to get together. They both still had plenty of fuel in the tank.

The due diligence process looked more like dating than spreadsheets. Thomas was calling mutual contacts asking, “Is Randall really who he seems to be?” Meanwhile, Randall was doing the exact same thing about Thomas. They discovered they were both checking references on each other with the same people.

The lesson here isn’t about financial metrics or market share calculations. It’s about values alignment. As Thomas notes, if the values weren’t aligned, or if their growth expectations didn’t match, it would have been a deal breaker.

The Power of Honest Leadership

Here’s something you won’t read in most merger announcements: both leaders admit they didn’t have all the answers.

“There’s nothing wrong with saying to someone, I don’t know the answer to that right now,” Thomas reflects. “But what I will say to you is that we’re working hard to figure that out for you.”

When your teams see you being honest about the challenges, it creates psychological safety. It tells them it’s okay to voice their own concerns.

Randall adds another layer of honesty:

“There’s some people from within our group that have not come over with the transition. And that’s okay.”

Not everyone will make the journey with you. Acknowledging this upfront is what real leadership looks like.


The Surprise Factor: Brand Power in Action

Randall’s biggest surprise post-merger? The power of the BresicWhitney brand.

“I didn’t know how powerful the BresicWhitney brand was,” he admits.

His existing clients didn’t just accept the change โ€“ they congratulated him. They saw it as a strategic win.

This reveals something crucial about brand value in real estate. It’s not just about recognition. It’s about what the brand represents in terms of collaboration, systems, and support. The BresicWhitney model meant clients could have multiple agents working on their property, all backed by the entire network’s buyer database.

As Randall explains, the support from his existing clients has been “overwhelming” โ€“ they recognised the strategic wisdom of joining Sydney’s leading property group within 10 kilometres of the CBD.

The Vision Question That Changes Everything

Thomas’s parting wisdom might be the most important takeaway for any agent reading this: “Do you have a vision for yourself?”

He challenges every agent to grab a blank page and write down exactly who they want to be and where they want to be in three to five years. This merger wouldn’t have happened if both parties hadn’t been crystal clear on their visions first.

BresicWhitney’s vision to dominate within a 10 โ€“ 15 kilometre radius of Sydney’s CBD wasn’t just corporate speak. It was a decision-making framework. When Randall and his team appeared on the radar, they fit the vision perfectly.

The Ownership Model

Perhaps the most interesting element is BresicWhitney’s approach to equity. This isn’t shadow equity or fancy titles without substance. When someone becomes an owner at BresicWhitney, they’re buying into a significant asset with real value.

The pathway to ownership is open to everyone, but not everyone has to want it. Some people don’t want the added responsibility, and that’s explicitly okay.


The Tech Integration Reality

One of the most practical challenges of any merger is technology integration. Randall highlights how crucial data is to agents: “Data is so important.”

The solution at BresicWhitney? A collaborative approach where data doesn’t belong to any individual โ€“ it’s shared for the benefit of clients who can choose which agent they want to work with. Already, Randall can cite multiple examples where clients have benefited from having agents from both legacy businesses working together on their property.


Looking Ahead to 2030

Both leaders see more strategic partnerships on the horizon. They envision consolidation that preserves what makes individual agents and offices special while providing the infrastructure and support that’s increasingly necessary.

Thomas’s vision: “I want us to have big business structure… but I want us to have the care factor and feeling of a small business.”

For agents considering their own mergers, Randall’s advice about building a dedicated merger team is practical gold: have people 100% focused on the integration, with clear roles and accountability. It’s not something you can do on the side of running your existing business.

The Bottom Line

This isn’t just a story about two real estate businesses merging. It’s about what happens when leaders have the courage to admit they can achieve more together, find the right partners, and lead through uncertainty.

For agents reading this, whether you’re running a small team or building something bigger, the lesson is clear: success isn’t about having all the answers. It’s about having a clear vision, finding people who share your values, and being honest enough to admit when collaboration could accelerate your journey.

As Thomas puts it:

“If someone else can get you there quicker, will you let them?”

In real estate, that might be the most important question you’ll ever answer.


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Samantha McLean

Samantha McLean is the Co-founder and Managing Editor of Elite Agent, Australia's trusted platform for real estate news, insights, and community connection. With over 20 years in sales and marketing across respected global companies, Samantha brings practical expertise and thoughtful leadership to the industry. Since founding Elite Agent, Samantha has grown the brand from a magazine into a dynamic media hub that includes the Elevate podcast, daily newsletters, and engaging industry events. Her approachable style and genuine curiosity have earned Elite Agent recognition, including multiple Mumbrella awards for excellence. Samantha is passionate about exploring how technology, especially artificial intelligence, can improve productivity and client relationships without losing the essential human touch. She regularly discusses these topics with industry experts on the Elevate podcast. She holds a Bachelor of Business from the University of Technology Sydney. Connect with Samantha at Elite Agent or aipoweredagents.com or visit her personal website samanthamclean.com.