Issues relating to thatrestructuring and rapid expansion willalso bediscussed at the shareholder's meeting."This transaction andthe additional capital it willprovide is expected to rapidly fuelthe quantity andquality of initial public offerings managed bythefirm," says Laurence S. Zipkin, chairman of Equity.Realco wantsto "broaden its business," says JamesArias, president and chiefexecutive officer ofRealco.

Equity, which has a longhistory of managing initial publicofferings, alsoexpects to show dramatic growth in itsinvestmentbanking business once the merger is completed. Under theterms of the deal, Zipkin will becomechairman of the combinedcompany, while Edward Adams,president and CEO of Equity, willbecome its executivevice president.

In addition to brokering residential and commercialproperties,Realco finances the acquisition anddevelopment of tracts of landfor the development ofsingle family homes sites, and designs andbuilds thehomes as well. The company, which is active mainlyinAlbuquerque, NM and Phoenix regions, had $49.8 millionin revenueslast year.