(BRK.A), (BRK.B)
Berkshire Hathaway’s HomeServices of America, Inc. has acquired the Ebby Halliday Companies, the largest private residential real estate company in Texas by sales volume.
The acquisition includes Ebby Halliday’s three real estate brands—Dallas-based Ebby Halliday, REALTORS® and Dave Perry-Miller Real Estate along with Fort Worth-based Williams Trew Real Estate—and their affiliated mortgage and title companies. Ebby Halliday’s portfolio of companies will continue to operate under their current brand names.
Financial terms of the transaction were not disclosed.
Headquartered in Dallas, Ebby Halliday Companies serves metropolitan Dallas-Fort Worth and surrounding communities with approximately 1,800 sales associates and staff operating in 35 offices across 12,000 square miles in North Texas. Ebby Halliday is the 12th largest residential real estate company in the United States by sales volume and the 17th largest by transaction sides, according to the 2017 REAL Trends 500 report. In 2017, the company closed $8.0 billion of sales volume.
Founded in 1945 as a one-woman, one-office firm by industry visionary Ebby Halliday, the firm has grown to become one of the nation’s foremost full-service real estate companies. The Ebby Halliday name is synonymous with providing clients the highest level of customer service, local expertise and resources, all delivered by a team of knowledgeable agents using the firm’s innovative technologies. Mary Frances Burleson, president and CEO and Ron Burgert, the company’s chief financial officer will continue to lead the firm’s strategic growth initiatives and manage day-to-day operations together with their sales management teams.
Also announced was the formation of the Ebby Halliday Foundation. Building on a lifetime of service by the foundation’s namesake and the simple saying she lived by, “Do something for someone every day,” the nonprofit organization will continue Ebby’s legacy of service to North Texas.
© 2018 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.