""Williams & Williams"":http://www.williamsauction.com, a real estate auction and collateral risk management company, and ""Auction Network"":http://www.auctionnetwork.com, an Internet television network for live auctions,[IMAGE] issued a joint statement Wednesday announcing a merger of the two companies. The newly created parent company, WWM (Williams, Williams & McKissick) Holdings, LLC, is based in Tulsa, Oklahoma, and will remain under private ownership.
""The decision was made after careful consideration of each partner's capabilities and each company's potential,"" said co-founder and CEO of Williams & Williams, Dean Williams, who will share ownership and control of the company with Pam McKissick, founder of Auction Network and president of Williams & Williams.[COLUMN_BREAK]
Mr. Williams added, ""Creating the parent company allows us to invest and innovate with confidence, knowing all the important pieces of the business will be leveraged and strengthened toward our goal of stewarding the built environment and building auction markets.""
The management team from both companies will continue to lead operations at WWM.
""Dean and I share the same vision for real estate auction,"" said Ms. McKissick. ""This extraordinary combination of businesses and their integration under WWM will allow us to take live auction to the next level and deliver interactive remote auctions in more entertaining, cutting-edge ways through our media network and global trading floor.""
The WWM board consists of three directors - Dean Williams, Pam McKissick, and Tommy Williams, an auctioneer and co-founder of Williams & Williams.
""Experience has shown me when two partners of like mind and passion join forces the possibilities are more than doubled,"" Tommy Williams said. ""I think the newly formed partnership of McKissick and Williams will open new frontiers for Williams & Williams and the auction industry that none have dared to dream yet.""