Global real estate services firm Cushman & Wakefield has agreed a deal to buy the commercial property arm of Sherry FitzGerald Group.
The deal - for an undisclosed sum - is expected to be finalised by early September.
Cushman & Wakefield already has a 20% stake in Sherry FitzGerald's Irish commercial property business.
The firm, which has more than 100 commercial property professionals and offices in Dublin, Limerick and Galway, will now be fully integrated into Cushman & Wakefield.
Cushman & Wakefield is one of the world's biggest real estate services firms with 48,000 employees in 70 countries.
The company said it will maintain its close affiliate relationship with the wider Sherry FitzGerald Group, which has 97 offices across the country.
Steven McKenna, CEO at Sherry FitzGerald Group, said the deal provides the company with the opportunity to back its ambitious plans to continue developing its core business.
"It makes sense for Cushman & Wakefield to solely own their Irish commercial business and equally it makes sense for us to have a simplified ownership structure and single brand," Mc McKenna added.
Colin Wilson, CEO of EMEA at Cushman & Wakefield, said the deal represented "an exciting next step in an exceptional relationship which first began 20 years ago and reflects the significant increase in cross-border projects on which our teams have been collaborating".
Mr Wilson said the company expects further growth as the Irish economy continues to strengthen.
