Fathom Holdings Expands National Footprint with Strategic Acquisition of Arizona-Based My Home Group
Fathom Holdings (FTHM) has acquired My Home Group, a leading Arizona-based brokerage ranked 27th nationally by transaction volume. The acquisition adds over 2,200 agents who complete approximately 12,000 transactions annually, expanding Fathom's agent network to 14,500 nationwide. My Home Group will retain its name, with co-founders Jereme Kleven and Mark Hutchins continuing to oversee operations. The merger strengthens Fathom's presence in Arizona's growing real estate market and creates opportunities to cross-sell mortgage and title services to My Home Group's client base.
Fathom Holdings (FTHM) ha acquisito My Home Group, una delle principali agenzie immobiliari dell'Arizona, classificata 27esima a livello nazionale per volume di transazioni. L'acquisizione aggiunge oltre 2.200 agenti che completano circa 12.000 transazioni all'anno, espandendo la rete di agenti di Fathom a 14.500 in tutto il paese. My Home Group manterrà il proprio nome, con i co-fondatori Jereme Kleven e Mark Hutchins che continueranno a sovrintendere le operazioni. La fusione rafforza la presenza di Fathom nel crescente mercato immobiliare dell'Arizona e crea opportunità per vendere servizi di mutuo e di titoli ai clienti di My Home Group.
Fathom Holdings (FTHM) ha adquirido My Home Group, una destacada agencia inmobiliaria basada en Arizona, clasificada en el 27º lugar a nivel nacional por volumen de transacciones. La adquisición suma más de 2.200 agentes que realizan aproximadamente 12.000 transacciones anuales, ampliando la red de agentes de Fathom a 14.500 en todo el país. My Home Group mantendrá su nombre, con los cofundadores Jereme Kleven y Mark Hutchins continuando a cargo de las operaciones. La fusión fortalece la presencia de Fathom en el creciente mercado inmobiliario de Arizona y crea oportunidades para ofrecer servicios de hipotecas y títulos a la base de clientes de My Home Group.
파섬 홀딩스(FTHM)가 마이 홈 그룹을 인수했습니다. 이는 거래량에 따라 전국 27위에 랭크된 아리조나 기반의 주요 중개업체입니다. 이번 인수로 약 12,000건의 거래를 수행하는 2,200명 이상의 에이전트가 추가되어 파섬의 에이전트 네트워크는 전국적으로 14,500명으로 확장됩니다. 마이 홈 그룹은 이름을 유지하며, 공동 창립자인 제레미 클레벤과 마크 허친스가 운영을 계속 감독합니다. 이번 합병은 아리조나의 성장하는 부동산 시장에서 파섬의 존재감을 강화하고, 마이 홈 그룹의 고객 기반에 모기지 및 타이틀 서비스를 교차 판매할 수 있는 기회를 창출합니다.
Fathom Holdings (FTHM) a acquis My Home Group, une agence immobilière de premier plan basée en Arizona, classée 27e au niveau national par volume de transactions. Cette acquisition ajoute plus de 2 200 agents qui réalisent environ 12 000 transactions par an, élargissant le réseau d'agents de Fathom à 14 500 à l'échelle nationale. My Home Group conservera son nom, avec les co-fondateurs Jereme Kleven et Mark Hutchins continuant à superviser les opérations. La fusion renforce la présence de Fathom sur le marché immobilier en pleine croissance de l'Arizona et crée des opportunités de vente croisée de services hypothécaires et de titres à la clientèle de My Home Group.
Fathom Holdings (FTHM) hat My Home Group übernommen, ein führendes Maklerunternehmen mit Sitz in Arizona, das national auf Platz 27 nach Transaktionsvolumen eingestuft ist. Die Übernahme fügt über 2.200 Agenten hinzu, die jährlich etwa 12.000 Transaktionen durchführen, und erweitert das Agentennetzwerk von Fathom auf 14.500 landesweit. My Home Group wird seinen Namen behalten, während die Mitbegründer Jereme Kleven und Mark Hutchins weiterhin die Geschäfte überwachen. Die Fusion stärkt die Präsenz von Fathom auf dem wachsenden Immobilienmarkt in Arizona und schafft Möglichkeiten, Hypotheken- und Titelservices an die Kundenbasis von My Home Group zu verkaufen.
- Acquisition adds 2,200+ agents and 12,000 annual transactions to Fathom's operations
- Expands presence in fast-growing Arizona real estate market
- Creates new revenue opportunities through cross-selling mortgage and title services
- Retention of experienced leadership team ensures operational continuity
- Strengthens competitive position in Southwest region
- Integration costs and challenges may impact short-term profitability
- Potential execution risks in merging operations and cultures
Insights
This strategic acquisition marks a significant expansion for Fathom, adding 2,200 agents and approximately 12,000 annual transactions to their operations. My Home Group's strong presence in Arizona's high-growth market, particularly Phoenix, positions Fathom to capitalize on the region's robust real estate dynamics. The retention of My Home Group's brand and leadership team suggests a thoughtful integration strategy that preserves existing market relationships while leveraging Fathom's technology and service platforms.
The cross-selling opportunities for mortgage and title services across My Home Group's client base present substantial revenue synergy potential. The combined network of 14,500 agents nationwide strengthens Fathom's competitive position in the tech-enabled real estate services sector. This consolidation reflects broader industry trends toward integrated service platforms and technology-driven operations.
The integration strategy demonstrates strong potential for operational synergies through the combination of My Home Group's local market expertise and Fathom's technological infrastructure. The decision to maintain My Home Group's brand identity while incorporating Fathom's service platforms indicates a balanced approach to market expansion. The retention of founding leadership ensures continuity in client relationships and local market operations while enabling access to Fathom's broader service ecosystem.
The merger creates a compelling platform for revenue enhancement through cross-selling opportunities and operational efficiencies. My Home Group's seven consecutive appearances on the Inc. 5000 list validates their growth trajectory and operational excellence, suggesting strong potential for continued expansion under Fathom's ownership.
Acquisition Strengthens Fathom's Position in
My Home Group brings over 2,200 agents and completes approximately 12,000 transactions annually. Recognizing the strength of My Home Group's local brand, Fathom plans to retain the name, with co-founders Jereme Kleven and Mark Hutchins continuing to oversee daily operations.
Founded in 2005, My Home Group has gained recognition on the Inc. 5000 list of fastest-growing companies for seven consecutive years. Known for fostering a collaborative, growth-focused culture, My Home Group empowers agents to expand their networks, build their brands, and advance their careers.
Additionally, the acquisition creates new opportunities for Fathom to cross-sell its mortgage and title services to My Home Group's extensive client base, providing a streamlined, end-to-end transaction experience. Fathom's approach of combining brokerage, mortgage, and title solutions, powered by their proprietary technology, aims to enhance agent and client satisfaction while driving revenue growth across its service platforms.
"We are thrilled to welcome My Home Group, a company we've long respected, to the Fathom family," said Marco Fregenal, CEO of Fathom Holdings. "Jereme and Mark share our vision and commitment to serving and empowering agents, making this partnership a natural fit.
Jereme Kleven added, "Our merger with Fathom is a major milestone in accelerating business development for our agents and organization. It aligns perfectly with our core values, empowering agents to expand rapidly and gain access to enhanced technology, a deeper leadership bench, and revenue sharing to significantly shortening their path to success. With Fathom, we're doubling down on our commitment to supporting agents' personal and professional growth, ensuring they have the resources and support needed for a sustainable, successful career."
Mark Hutchins commented, "Joining the Fathom family gives us the scale we need to drive deeper growth in
"Together, we're offering something truly unique to the market—an empowering platform for agents to expand their businesses as the market changes. With Fathom's technology, innovative commission plans, and dedication to agent success, we're poised to elevate our impact and efficiency. This is a tremendous opportunity for both agents and clients, and we're honored to join forces with the best in the business."
Fathom management will provide further details on the My Home Group acquisition during the company's upcoming quarterly conference call, scheduled for Thursday, November 7, 2024, at 5:00 p.m. Eastern Time. Conference call and webcast details are available here.
About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven, real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title. For more information, visit www.FathomInc.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including: risks associated with integrating recently acquired businesses; risks associated with general economic conditions, including rising interest rates; its ability to generate positive operational cash flow; risks associated with the Company's ability to continue achieving significant growth; its ability to continue its growth trajectory while achieving profitability over time; risks related to ongoing and future litigation; and other risks as set forth in the Risk Factors section of the Company's most recent Form 10-K as filed with the SEC and supplemented from time to time in other Company filings made with the SEC. Copies of Fathom's Form 10-K and other SEC filings are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contact:
Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860
FTHM@gateway-grp.com
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SOURCE Fathom Holdings Inc.
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