Osterville-based Kinlin Grover GMAC Real Estate has been sold to Charlestown, R.I.-based Randall Realtors GMAC Real Estate, creating one of the of the largest real estate brokerage firms in New England, according to a release from the new company.

Combined, the two companies now have 18 offices, more than 400 sales associates and employees, and more than $700 million in sales in 2008. They will continue to operate under their current names.

Paul Grover, one of Kinlin-Grover’s original owners who has since started a new real estate boutique on Cape Cod, said he had worked with Randall Real Estate before and was pleased about the new ownership.

"I actually think it’s a good owner for the company," Grover told Banker & Tradesman. "I think it’s in good hands."

Kinlin Grover has 11 offices located across the Cape and Islands. Randall Realtors offices are located in Rhode Island and Connecticut.

Kinlin Grover will continue to be managed locally by Executive Vice President Bett McCarthy, whose real estate career also spans three decades, most recently served as regional vice president of Kinlin Grover.

"I can’t begin to describe how excited I am to bring these two great companies together and what it will mean in terms of benefits to clients when it comes to buying, selling or leasing properties," said longtime real estate industry veteran Doug Randall, CEO of Randall Realtors.

Randall has been involved in real estate since 1977 when he founded H.D. Randall Realtors in Charlestown, R.I.