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HomeServices of America, a Berkshire Hathaway affiliate, completed five acquisitions in 2021, adding 1,400 sales associates and $8 billion in closed sales volume. The acquired companies include Bennion Deville Homes, Berkshire Hathaway HomeServices Alliance Real Estate, Beach Properties of Florida, Hegg Realtors, and Joe Moholland Moving. These transactions aim to enhance HomeServices' commitment to a 'customer-for-life' approach and strengthen its market position, bringing its total to nearly 46,000 sales associates across 33 states.
Positive
Acquired five companies, adding 1,400 sales associates.
Increased closed sales volume by nearly $8 billion.
Strengthened commitment to 'customer-for-life' business model.
Expanded national footprint with distinguished real estate companies.
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None.
MINNEAPOLIS--(BUSINESS WIRE)--
HomeServices of America, Inc., a Berkshire Hathaway affiliate, and the nation’s largest homeownership company, closed 2021 with simultaneous acquisitions of five companies. The acquisitions add 1,400 sales associates, 15,000 transactions, and nearly $8 billion in closed sales volume to HomeServices’ 2021 portfolio and strengthen its commitment to fulfilling a “customer-for-life” business model. Financial terms were not disclosed.
The acquisitions included four brokerage companies and a moving company:
Bennion Deville Homes
Berkshire Hathaway HomeServices Alliance Real Estate and Alliance Title Group
Berkshire Hathaway HomeServices Beach Properties of Florida
Hegg Realtors®
Joe Moholland Moving
“Since HomeServices was founded in 1998, our growth strategy has focused on acquiring market-leading companies with strong brands and experienced leaders,” said Gino Blefari, CEO of HomeServices. “Our newest family members fit these exacting standards and we proudly welcome them to HomeServices today. Each company brings a sterling reputation and is led by proven leaders. who have built extraordinary organizations with their team of managers, sales associates, and employees. We look forward to working with each company and are committed to supporting their continued growth and success,” said Blefari.
The companies joining the HomeServices family are:
Bennion Deville Homes. Founded in 2001 by Bob Bennion and Bob Deville, Bennion Deville Homes is the top-ranking real estate brokerage based on units and sales volume in California’s Coachella Valley (Greater Palm Springs Area). Led by industry veterans Bob Deville, CEO, and Chris Anderson, General Manager, Bennion Deville Homes has experienced year-over-year market-share growth and is widely recognized for its collaborative culture, client-first approach, and top-producing agents. States Deville, “By joining HomeServices of America, we are ensuring the legacy of Bennion Deville Homes continues for generations to come. We are honored to join HomeServices and excited about bringing the strengths from each of our respective companies together to serve our clients and our agents. This allows us to build upon what makes Bennion Deville Homes unique in the industry in new and exciting ways.”
In 2021 Bennion Deville Homes closed nearly 4,400 transactions and $3.1 billion in sales volume.
Berkshire Hathaway HomeServices Alliance Real Estate and Alliance Title Group. Founded by Andrea Lawrence and led by President Kevin Goffstein and general manager Bob Bax, Berkshire Hathaway HomeServices Alliance Real Estate and Alliance Title Group has provided quality, service, and state-of-the-art technology to the St. Louis area and surrounding communities for more than 40 years. “HomeServices of America is known for its strength and stability, and we are honored to become a part of their family,” said Kevin Goffstein, president of Alliance Real Estate. “By aligning ourselves with ReeceNichols and Berkshire Hathaway HomeServices Kansas City Realty we now have access to greater resources and services which will be a tremendous benefit to all of our associates as they better serve the real estate needs of their clients.”
In 2021, Alliance Real Estate’s sales associates closed nearly 4,000 transactions and $1.3 billion in sales volume. The company will join HomeServices’ Kansas City-based brokerages — ReeceNichols and Berkshire Hathaway HomeServices Kansas City Realty — in serving clients in Missouri.
Berkshire Hathaway HomeServices Beach Properties of Florida.Headquartered in Santa Rosa Beach, Florida, Beach Properties began in 2007 as a boutique real estate brokerage serving the towns and communities along northwest Florida’s scenic Gulf Coast. Under the leadership of broker and owner Hunter Harman, and owners, Price Ranier, John David Sullivan and Jimmy Burgess, who is assuming the role of CEO, Beach Properties of Florida has experienced exponential, organic growth and has tripled its number of sales associates since 2017. “We are thrilled to be joining forces with HomeServices of America and offer even greater opportunity and access for our agents and their clients to what we believe is the best real estate network in the country. This acquisition is much more than a transaction – it represents a new season of growth and prosperity for Beach Properties of Florida,” said Harman.
In 2021, the company’s agents closed more than 2,700 transactions and $2.1 billion in sales volume.
Hegg Realtors®. Founded in 1945, Hegg Realtors® is the largest real estate brokerage in South Dakota, and proudly serves the real estate needs of buyers and sellers throughout South Dakota. Under the leadership of Bill Hegg, its chairman, and Gregg Gohl, its chief executive officer, the company’s 200-plus agents closed nearly 4,000 transactions and $1.2 billion in sales volume. “We’re eager to leverage Edina Realty’s unbelievable resources to offer leading-edge technology, tools, security and support to our agents,” said Gregg Gohl, CEO. “And the opportunity to expand our network and business opportunities for our agents in a way that maintains our local brand and legacy is really exciting.” Hegg Realtors® will join the Edina Realty family of brands, significantly expanding Edina Realty’s footprint in the Midwest and making it HomeServices’ first wholly-owned brokerage located in South Dakota. It will operate as Hegg Realtors, an Edina Realty company.
Joe Moholland Moving. Founded in 1987, Joe Moholland Moving predominantly serves northern Virginia, Maryland, and the Washington D.C. area, and provides its customers with national and international relocation services. The company has strong hauling capacity, top-ranking customer satisfaction scores, and supports residential household goods moving for local, national, and international moves. Joe Moholland Moving will operate within Tailored Move, a Long & Foster company. “We are thrilled to join forces with Tailored Move and become part of the broader Long & Foster and HomeServices of America families,” said Rob Garr, president of Joe Moholland Moving. “The values and cultures of our two companies perfectly align: We both believe in delivering the highest level of customer service while removing any stress and worry from the moving process. Our partnership will allow us to expand our services across the Mid-Atlantic and Northeast, and we are eager to get started.”
These new acquisitions exemplify HomeServices’ mission to growing its national footprint with distinguished real estate companies and establish it as the undisputed premier provider of homeownership services in the United States. After these acquisitions, HomeServices will have more nearly 46,000 sales associates operating in 33 states and the District of Columbia. For 2021, HomeServices sales associates facilitated nearly $203 billion in residential real estate sales, nearly 395,000 home sale transactions, and more than 253,000 mortgage, title and escrow and insurance transactions.
About Bennion Deville Homes
Founded in 2001 by real estate industry icons Bob Bennion and Bob Deville, Bennion Deville Homes is a nationally recognized real estate brand and the desert’s #1 real estate company. Bennion Deville Homes serves home buyers and sellers throughout Southern California in the primary markets of the Greater Palm Springs Area (Coachella Valley) and Mountain Communities in the surrounding area. Coachella Valley offices include locations in Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, and La Quinta. Bennion Deville Homes also has offices in Garner Valley in Riverside County. Visit BDHomes.com, for the location of the Bennion Deville Homes office nearest you.
About Berkshire Hathaway HomeServices Alliance Real Estate
Berkshire Hathaway HomeServices Alliance Real Estate has provided quality, service, and state-of-the-art technology to the St. Louis real estate community for more than 40 years. As an energetic company of over 475 real estate professionals, they provide comprehensive representation with an uncompromising commitment to the highest principles of professionalism and integrity. Known throughout the region for strength, innovation, and excellence, the company operates from 8 locations serving St Louis, St Charles, Jefferson, Franklin, Washington, and beyond. Berkshire Hathaway HomeServices Alliance Real Estate proudly serves the St Louis Metro region and offers a full range of services, including corporate relocation, new homes, mortgage, title, insurance, and home warranty products. They are deeply committed to serving the local community through The Sunshine Kids, ReBuilding Together, Old NewsBoys Day, and more. Visit www.bhhsall.com.
About Berkshire Hathaway HomeServices Beach Properties
Berkshire Hathaway HomeServices Beach Properties of Florida is home to more than 200 agents in nine offices across Northwest Florida’s beautiful Gulf Coast from St. George Island to Destin. Consistently recognized for its market-leading sales volume, Beach Properties of Florida is a proud member of the Berkshire Elite Circle, a prestigious designation given to the Top 50 companies in the Berkshire Hathaway HomeServices network.
Founded in 2007 and joining as an affiliate of Berkshire Hathaway HomeServices in 2016, the brokerage supports an impressive New Homes Division, exclusively offering new construction opportunities in KAIYA Beach Resort, Watersound Origins, Churchill Oaks, WaterSound Beach, Cottage Grove, The Village at Grayton Beach, RiverCamps at Crooked Creek and more.
Berkshire Hathaway HomeServices Beach Properties of Florida now transitions from an independently owned and operated member of the Berkshire Hathaway HomeServices network to a wholly owned company by HomeServices of America in 2022. Visit www.BeachPropertiesFLA.com for additional information.
About Hegg, Realtors®
Hegg Realtors® has been successfully helping people in the Sioux Falls area buy and sell homes since 1945. It is South Dakota’s largest real estate company with more than 200 agents across the state, with offices in Sioux Falls and Rapid City. Hegg Realtors closed nearly 4,000 transactions and $1.22 billion in sales volume in 2021. For more information, visit hegg.com.
About Joe Moholland Moving
JMM operates local, national and international moving services through its continental fleet and agent network. JMM has served the Virginia, Maryland and Washington, D.C., area, for over 25 years. It offers moving, packing, unpacking and storage services, and it maintains a storage facility and warehouse locations in Woodbridge, Virginia. In addition to point-to-point moves, consumers who need to store their belongings for both short- and long-term situations can leverage JMM’s storage facilities.
About HomeServices of America
HomeServices of America, Inc., through its operating companies, is the nation’s largest residential real estate company based on closed transactions and is the country's premier provider of homeownership services, including brokerage, mortgage, franchising, settlement, property and casualty insurance, relocation services and more. HomeServices of America is the owner of the Berkshire Hathaway HomeServices and Real Living Real Estate residential real estate franchise networks. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. For more information visit www.homeservices.com.
What companies did HomeServices of America acquire in 2021?
HomeServices of America acquired Bennion Deville Homes, Berkshire Hathaway HomeServices Alliance Real Estate, Beach Properties of Florida, Hegg Realtors, and Joe Moholland Moving.
How many sales associates did HomeServices of America add with these acquisitions?
HomeServices of America added 1,400 sales associates from the acquisitions.
What was the total closed sales volume added by HomeServices of America's acquisitions in 2021?
The acquisitions added nearly $8 billion in closed sales volume.
How does HomeServices of America plan to enhance its business through these acquisitions?
HomeServices aims to enhance its commitment to a 'customer-for-life' business model and strengthen its market position.
What is the significance of these acquisitions for Berkshire Hathaway's stock (BRK.A, BRK.B)?
These acquisitions are expected to enhance HomeServices' growth, potentially benefiting Berkshire Hathaway's long-term stock performance.
