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Shelton-based  William Raveis Real Estate, Mortgage & Insurance has continued its expansion into the Florida market by buying a Sarasota, Florida-based brokerage.

The company announced it was purchasing Key Solutions Real Estate, a 44-agent, two-office luxury brokerage, for an undisclosed sum yesterday.

William Raveis already has 12 Florida offices, including ones in Naples and Palm Beach. The company first entered the market five years ago and it said it is on track to close over $3 billion in sales in that state this year.

“Key Solutions Real Estate has built a wonderful culture with their staff and sales associates, and delivers an exceptional level of customer service,” Ravies founder, chairman and CEO Bill Raveis said in a statement. “Florida is hot in more ways than one. As more and more people from the Northeast buy primary or vacation homes in Florida, we plan to expand throughout Florida for many years, further strengthening our luxury network.”

The deal also helps the company build a network of agents and properties from high-end towns like Greenwich to retirement and vacation communities in Florida, it said.

“There’s no other brokerage like us in Sarasota. We have more than 4,000 sales associates in our Northeast footprint, and considering 4 of the top 5 states with the most people moving to Sarasota County are from the Northeast, we offer a marketing network unlike any other,” William Raveis’ Florida general manager Matt Lane said in a statement.

Raveis has more than 4,300 agents in eight states and saw $16 billion in sales in 2020.