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GVA Williams Takes Stake in Boston Branch

BOSTON-GVA Thompson Doyle Hennessey & Stevens will finalize a merger with GVA Williams in New York to broaden the reach of both brokerage firms.

By Beverly Ford | Updated on February 22, 2007

BOSTON-In what was termed a “historical inevitability,” locally based GVA Thompson Doyle Hennessey & Stevens will merge with GVA Williams of New York City. The move will extend the reach of both brokerage firms throughout much of the Northeast.

John Hennessey, co-owner of the Boston firm along with Cathy Thompson, tells GlobeSt.com that the merger, which is expected to be completed within two weeks, gives GVA Williams minority ownership in GVA Thompson Doyle Hennessey & Stevens. The firm will be renamed GVA Williams once the transaction is complete. Terms of the merger between the two privately-owned brokerage houses were not disclosed but Hennessey says the transaction will create “a strong regional player” in the Boston market.

“We’re going to brand with them, piggy-back on their technology and platform and some of the services they provide their clients will be incorporated into our platform,” Hennessey says, adding that he expects the size of the 30-person Boston office will increase as a result of the transaction.

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