Berkshire Hathaway’s HomeServices of America, Inc. has acquired Americana Holdings, one of the largest independently owned and operated Berkshire Hathaway HomeServices franchisees. With the acquisition, HomeServices of America adds nearly 3,000 sales associates in 32 offices in communities throughout Arizona, Southern Nevada, and Orange County.
Americana Holdings operates across three states as Berkshire Hathaway HomeServices Arizona Properties, Berkshire Hathaway HomeServices California Properties, and Berkshire Hathaway HomeServices Nevada Properties.
The acquisition also includes Americana Holdings’ interests in the following title and escrow companies: Legendary Title Agency (Arizona), Legendary Escrow Services (California), and Equity Title (Nevada).
With this transaction, HomeServices has nearly 46,250 real estate professionals operating in more than 900 offices across 32 states.
Financial terms of the transaction were not disclosed.
Americana Holdings joined the Berkshire Hathaway HomeServices network as an independent franchisee in 2014 and with this transaction, now joins the HomeServices’ family of wholly-owned companies.
In 2018, Berkshire Hathaway HomeServices Nevada Properties entered the Inc 5000 Hall of Fame after being named as one of the country’s fastest-growing private companies for five years. In 2018, it also was ranked No. 32 on the Swanepoel Mega 1000, a list of the largest real estate brokerages in the U.S. by sales volume.
Mark Stark, the company’s chief executive officer, has nearly 40 years of real estate experience and is among real estate’s most recognized and influential leaders. In 2020, Stark was named among the “Most Powerful People in Real Estate” in the Swanepoel Power 200. Stark, together with president and chief operating officer Gordon Miles, will continue to lead Berkshire Hathaway HomeServices Arizona, California, and Nevada Properties’ strategic planning and growth initiatives as well as manage the company’s day-to-day operations.
“Mark and Gordon, together with their team of extraordinary sales managers and agents, have built an exceptional organization and demonstrate a level of expertise and leadership that is second-to-none in the real estate business today,” said Gino Blefari, CEO of HomeServices of America and chair of Berkshire Hathaway HomeServices.
“HomeServices is an outstanding organization,” said Stark. “When you combine the incredible strength of our people and the history of our success with Gino’s unsurpassed leadership and the spirit of innovation and the financial strength of HomeServices, there is no limit to what we can accomplish.”
“We are committed to Berkshire Hathaway HomeServices Arizona, California, and Nevada Properties’ continued growth and success,” concluded Blefari. “We look forward to working with Mark and his team and are very proud to welcome them to the HomeServices family.”
The acquisition extends HomeServices’ national footprint to Nevada and further expands its presence in both Arizona and California. Now serving these areas from the HomeServices family of companies are Tucson-based Long Realty, a HomeServices company since 1999; San Diego-based Berkshire Hathaway HomeServices California Properties (2002); Fresno-based Guarantee Real Estate (2013); and Silicon Valley-based Intero Real Estate (2014).
HomeServices is owned by Berkshire Hathaway Energy, a subsidiary of Berkshire Hathaway.
© 2021 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.