Jim Nelson, Jr and Chad Gilbert

RE/MAX Suburban has recently been acquired by business executives Chad and Sarah Gilbert.

Based in Mount Prospect, RE/MAX Suburban also has locations in Arlington Heights, Glen Ellyn, Libertyville, Schaumburg and Wheaton. By the end of 2015, the company is projected to close almost $950 million in sales.

Chad Gilbert will serve as the president of RE/MAX Suburban, and most recently was vice president at Stericycle, Inc. Sarah Gilbert is currently a director with the country’s largest drugstore chain. Previous partner James Nelson, Jr., will stay on as vice president and general manager.

“We are poised and prepared to honor the great 38-year history of RE/MAX Suburban while taking it to new levels,” said Chad Gilbert. “We are committed to aggressively expanding the organization, while keeping our brokers success as our top priority. In the competitive Chicago market, we are proud to have some of the most effective brokers on our team, and we will be making the investments that will allow them to further enhance their productivity and better serve their clients.”

Jim Merrion, regional director of the RE/MAX Northern Illinois network, spoke to the qualities of the new leadership.

“Jim Nelson, Jr. has a proven track record in our industry, while Chad and Sarah bring a new level of enthusiasm backed with the necessary marketing, sales and management expertise,” Merrion said. “I have every confidence they will make a terrific team.”