Berkshire Hathaway’s HomeServices of America has acquired Berkshire Hathaway HomeServices Florida Realty and its affiliate, Florida Title and Guarantee Agency.
Berkshire Hathaway HomeServices Florida Realty will continue to be led by Rei Mesa, the brokerage’s CEO and president.
The firm, based in Florida, serves 21 counties from more than 40 locations and with 1,750 salespeople.
The acquisition grows HomeServices’ presence in the Sunshine State.
It acquired EWM Realty International, based in Miami, in 2003, and Berkshire Hathaway HomeServices Florida Network Realty in 2016.
“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,” says 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,” Peltier says.
“We are honored and excited to be joining HomeServices,” says Mesa, who was named a 2019 Real Estate Newsmaker by RISMedia. “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.”
HomeServices of America, an affiliate of Berkshire Hathaway, is No. 2 in the nation for sales volume and transactions, according to RISMedia’s 2018 Power Broker Report, garnering more than $125.4 billion in sales volume and over 328,350 transactions in 2017.
The company was featured in the June 2018 issue of RISMedia’s Real Estate magazine, and, in May, Peltier, along with six other industry leaders, was inducted into RISMedia’s inaugural Newsmakers Hall of Fame.
Berkshire Hathaway HomeServices Florida Realty is among the top 10 brokerages in the country in the Berkshire Hathaway HomeServices network, according to the announcement.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.