F.C. Tucker adds 190 agents in acquisition of Front Porch Real Estate

Residential real estate firm F. C. Tucker Co. has acquired Front Porch Real Estate in a deal that expands Tucker by five offices and 190 agents.

Financial terms of the deal, announced Monday, were not disclosed.

Indianapolis-based Front Porch was founded in 2014 by owner and former Tucker agent Jim Perry. It has four offices in Indianapolis and one in Paoli, Indiana.

The firm is involved in annual real estate sales of nearly $350 million.

Front Porch’s offices will remain open during a transition period before rebranding and becoming part of Tucker. Perry will join the management team at Tucker.

“When I decided to step back from ownership, F.C. Tucker was the clear choice,” Perry said in written remarks. “There’s no other brokerage I would entrust my business to. Tucker truly cares about its agents and staff–just as I do–and they have the resources, technology and support of a larger brokerage to help agents serve their clients at the highest level possible.”

Tucker said the addition of Front Porch will increase its market share by more than 3.5%, to over 20%.

“I have known Jim Perry for many years as a knowledgeable and savvy professional who has built an impressive real estate business,” Tucker CEO Jim Litten said in written remarks. “When we first started talking about the possibility of joining forces, it quickly became obvious this is a natural fit for both sets of agents, and a move that complements our ongoing growth strategy.”

Tucker is the state’s largest and oldest real estate agency, with more than $5 billion in annual sales, more than 40 offices and more than 1,500 sales associates throughout Indiana and in select markets in Kentucky.

Earlier this year, Tucker was acquired by Pittsburgh-based Howard Hanna Real Estate Services, the nation’s largest independently owned real estate brokerage firm, but it continues to operate under its own brand.