Sea Glass Acquires Commercial Real Estate Franchisor SPERRY Commercial Global Affiliates
Mar 10, 2026 SPERRY-Key GroupFOR IMMEDIATE RELEASE
Irvine California, January 7, 2026 — Sea Glass, a boutique lifestyle real estate franchisor focused on waterfront, resort, and lifestyle-driven markets, announced today the acquisition of Sperry Commercial Global Affiliates, an industry-leading commercial real estate franchisor with a growing national and international footprint.
The acquisition brings together two complementary brands under a shared strategic vision, creating a unique platform for commercial and residential real estate brokerages across both lifestyle-driven residential and commercial real estate services, while maintaining each brand’s independence, culture, and market positioning.
Leadership Continuity, Ownership Alignment and Legacy
As part of the transaction, the existing leadership teams of both organizations will remain in place to ensure continuity, brand integrity, and uninterrupted support for franchisees.
Jay Olshonsky, FRICS, SIOR, CCIM, has been appointed Chief Executive Officer of both Sea Glass and Sperry and is also a Partner in Sperry, aligning executive leadership with long-term ownership and growth objectives across the combined platform.
Raegan Rascoe will remain Manager of Franchise Operations for Sperry, overseeing operational performance and franchisee support.
Rand Sperry, founder of Sperry and widely regarded as a leader in the commercial real estate industry, will serve as Chairman Emeritus of Sperry, continuing to support the brand’s vision, culture, and long-term success.
Nick Vanassche serves as Managing Partner of the ownership group, guiding long-term strategy, capital alignment, and platform development.
A Strategic Combination Built for Growth
While Sea Glass and Sperry will continue to operate as distinct brands, the combined organization is expected to benefit from shared resources, expanded operational infrastructure, and enhanced support services across technology, marketing, training, and franchise development.
“This transaction is about alignment, not consolidation,” said Jay Olshonsky. “Both Sea Glass and Sperry have strong identities and loyal franchise networks. By bringing them together under a shared leadership and ownership vision, we can expand opportunity and resources while preserving what makes each brand successful.”
Mark Hinkins, President of Sperry, added, “Bringing Sperry together with Sea Glass and formalizing this senior leadership team marks a defining moment for our brand. This partnership creates a powerful combined platform for long-term growth. By uniting industry-leading expertise, technology, and business generation across real estate sectors, we are elevating the experience we deliver to our franchise partners and their clients.”
The acquisition reflects a broader global vision. Sperry’s established international presence, combined with Sea Glass’s footprint in lifestyle and resort markets, including the Caribbean, positions the platform for continued domestic and international expansion.
About Sea Glass
Sea Glass is a boutique lifestyle real estate franchisor serving waterfront, resort, and lifestyle-driven markets. The brand emphasizes local expertise, elevated branding, and a modern franchise model designed for entrepreneurial brokers and agents seeking to build meaningful, community-rooted businesses.
Learn more at:franchising.seaglass.com
About Sperry
Sperry is a commercial real estate franchisor offering brokerage services across investment sales, leasing, and advisory. Sperry supports independent firms through a flexible platform, collaborative culture, and a growing global reach.
Learn more at: sperrycga.com
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