Acquisition expands HomeServices’ footprint in the Florida residential real estate market
MINNEAPOLIS, MINN. (January 9, 2019) – HomeServices of America, Inc., a Berkshire Hathaway affiliate, today announced that it has acquired Berkshire Hathaway HomeServices Florida Realty, one of Florida’s leading residential real estate companies, and its affiliate title company–Florida Title and Guarantee Agency. Financial terms of the transaction were not disclosed.
Berkshire Hathaway HomeServices Florida Realty serves 21 counties throughout Florida with over 40 locations and approximately 1,750 Sales Professionals. The full-service brokerage offers residential and commercial services as well as title and settlement services, seasonal rentals, property management, REO & Foreclosures, corporate relocations, nationwide referral assistance, home service plans, and complimentary concierge moving services for customers.
Rei L. Mesa, president and CEO of Berkshire Hathaway HomeServices Florida Realty, with more than 30 years of experience, is widely recognized for his community involvement and leadership and is active in the real estate industry on both the state and national levels.
Mesa will continue to lead Berkshire Hathaway HomeServices Florida Realty’s strategic planning and growth initiatives and together with his existing executive and leadership team, will manage the company’s day-to-day operations.
Berkshire Hathaway HomeServices Florida Realty is ranked in the Top 5 largest brokerage firms in Florida and is among the top-10 brokerages in the nationwide Berkshire Hathaway HomeServices affiliate network.
“We are honored and excited to be joining HomeServices,” said Mesa. “They are an outstanding organization with a world-class portfolio of real estate brands and an experienced leadership team. Becoming a member of the HomeServices’ family of companies gives us a unique opportunity to grow and better serve our customers, sales professionals, and employees.”
“Rei, together with his executive leadership team, managing brokers, sales support staff, and sales professionals, have demonstrated a longstanding commitment to providing exceptional service to their buyers, sellers and property owners,” said Ron Peltier, chairman and CEO of HomeServices of America. “Their culture of service, integrity and community involvement closely aligns with our corporate vision and we are fully committed to their continued growth and success.”
“This is an important transaction to HomeServices and we are looking forward to welcoming Rei and his team to the HomeServices family.” concluded Peltier.
The acquisition further expands HomeServices’ presence in Florida, which includes Miami-based EWM Realty International and Jacksonville-based Berkshire Hathaway HomeServices Florida Network Realty, which HomeServices acquired in 2003 and 2016, respectively. With this transaction, HomeServices has nearly 45,000 real estate professionals operating in nearly 925 offices across 30 states. In 2018, the company’s associates facilitated more than 350,000 transactions (on a pro-forma acquisition basis).
ABOUT HOMESERVICES of AMERICA
HomeServices of America, through its operating companies, is one of the country’s premier providers of homeownership services, including brokerage, mortgage, franchising, title, escrow, insurance, and relocation services. HomeServices of America is the owner of the Berkshire Hathaway HomeServices and Real Living Real Estate franchise networks. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. HomeServices’ operating companies offer integrated real estate services, including brokerage services, mortgage originations, title and closing services, property and casualty insurance, home warranties, and other homeownership services. Visit www.homeservices.com.
ABOUT BERKSHIRE HATHAWAY HOMESERVICES Florida Realty
Berkshire Hathaway HomeServices Florida Realty is the No. 1 Berkshire Hathaway HomeServices affiliate in Florida with over 40 locations and more than 1,750 real estate sales professionals. The company offers residential and commercial services as well as title and settlement services, seasonal rentals, property management, REO & Foreclosures, corporate relocations, nationwide referral assistance, home service plans, and personal moving concierge services.
It is recognized as the overall No. 1 fundraiser for The Sunshine Kids Foundation in Florida and has raised more than $3.5 million for the foundation since 2001. Visit www.bhhsfloridarealty.com.