(BRK.A), (BRK.B)
ReeceNichols Real Estate, the leading real estate company in Missouri, is expanding its footprint in the Branson, Missouri area with the acquisition of a top performing RE/MAX office.
The company is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of HomeServices of America, Inc.
ReeceNichols has continued to expand in southern Missouri, following a merger with Carol Jones REALTORS® in June 2018, creating a company with more than 3,000 real estate agents in 31 branch offices and 26+ franchise offices throughout Kansas and Missouri.
The new office, ReeceNichols Branson West Lakeview, located in the Welcome Center at Stonebridge Village near Route 265, becomes the 12th office in ReeceNichols’ southern region. It is ReeceNichols’ third office in the Branson area.
“We’ve watched as the real estate market in Branson has continued to grow,” said President & CEO Mike Frazier. “It is a premier vacation destination and an in-demand area for second homes. Acquiring this new office is a big win for us.”
David Gubin, managing broker for the Branson and Branson West offices, and Rick Billington, who managed the RE/MAX office, will be co-managing brokers for ReeceNichols’ three offices in the Branson area: Branson, Branson West and Branson West Lakeview. Billington operated the RE/MAX franchise for 10 years. In 2018, the office closed just over $30 million in sales volume.
“This is a very strong group in the Branson market and we are thrilled to bring Rick and his agents on board,” said Shaun Duggins, president of ReeceNichols’ southern region. “Taking their knowledge and combining it with the cutting-edge tools, training and support ReeceNichols can provide, we’ll be able to service the Branson area even better.”
More acquisition talks are in the works. Duggins said he plans to grow ReeceNichols’ southern region by nearly 200 agents in 2019 and complete three or four acquisitions.
© 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.