P
ortside Real Estate Group, a Maine-based firm, has made significant strides in the mergers and acquisitions space. The company recently merged with Swan Agency Real Estate, expanding its presence into the Bar Harbor market. This move follows Portside's acquisition of Lakepoint Real Estate in 2024, which serves the Belgrade Lakes region of Maine.

    According to Dava Davin, founder and CEO of Portside, growth is essential for survival in today's competitive market. "When you're a mid-sized brokerage, it's crucial to focus on intentional growth to help your agents earn more and have a better work-life balance," she said. Local leadership is key, with agents valuing the personal connection they have with their brokers over belonging to a national brand.

    Davin emphasizes the importance of finding M&A partners who share her company's values. "We look for companies that have the same heart as us, even if they don't have the same technology or systems," she said. This approach allows Portside to maintain its boutique feel while providing agents with the resources they need to thrive.

    As Portside continues to grow, Davin prioritizes embracing micro markets and tailoring her company's services to meet their unique needs. "We can't homogenize things – each market has its own character," she said. Local managers and leaders help ground the agents and ensure that marketing efforts are effective in each community.

    Despite the challenges facing mid-sized brokerages, Davin remains focused on growth rather than margins. By achieving a strong market share in key areas, Portside can protect itself from competition and attract more agents and clients. "When you focus on providing for your agents and community, it really works," she said.