Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Berkshire Hathaway    BRK.A

BERKSHIRE HATHAWAY (BRK.A)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Berkshire Hathaway : Minneapolis-based HomeServices of America buys one of Florida's biggest brokerages

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 10:54pm EST

Jan. 12--Minneapolis-based HomeServices of America is expanding in Florida with the acquisition of one of that state's top-five biggest brokerages.

The transaction includes Berkshire Hathaway HomeServices Florida Realty, which has 40 offices and about 1,750 sales agents and staff in 21 counties, and Florida Title and Guarantee Agency.

Terms weren't disclosed.

The deal is part of a long-term expansion strategy for HomeServices, which owns Twin Cities-based Edina Realty and is one of the nation's largest real estate holding companies and a subsidiary of Warren Buffett'sBerkshire Hathaway. HomeServices also owns a network of independent Berkshire Hathaway franchises that include Florida Realty. With this deal, the company will become a wholly owned HomeServices of America company.

For the past several years the company has been acquiring locally owned brokerages that have strong brand recognition. In contrast to other large real estate holding companies that launch post-acquisition rebranding campaigns, HomeServices retains the name, image and leadership of its purchases.

So Rei Mesa, longtime president and CEO of Florida Realty, will retain responsibilities for strategic planning and growth, and the current leadership team will manage day-to-day operations.

"We are honored and excited to be joining HomeServices," Mesa said in a statement. "They are an outstanding organization with a world-class portfolio of real estate brands and an experienced leadership team. Becoming a member of the HomeServices family of companies gives us a unique opportunity to grow and better serve our customers, sales professionals, and employees."

Florida Realty is a full-service residential and commercial brokerage that also provides seasonal rentals, property management and concierge moving services to its clients.

HomeServices already owns Miami-based EWM Realty International and Jacksonville-based Berkshire Hathaway HomeServices Florida Network Realty, which HomeServices acquired in 2016.

Florida Realty is the first deal of the year for the company, following several key acquisitions in 2018 including Ebby Halliday Cos., the largest privately owned brokerage by sales volume in Texas.

This latest deal means that HomeServices will now have nearly 45,000 employees in about 925 offices in 30 states.

Ron Peltier, chairman and CEO of HomeServices of America, said in a statement that the Florida Realty culture, sales approach and leadership team aligns well with the company's other holdings.

"This is an important transaction to HomeServices and we are looking forward to welcoming Rei and his team to the HomeServices family," said Peltier.

___

(c)2019 the Star Tribune (Minneapolis)

Visit the Star Tribune (Minneapolis) at www.startribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BERKSHIRE HATHAWAY
02:08pU.S. charges hackers, traders with stealing SEC filings
RE
10:21aWalgreens and Microsoft partner to develop digital healthcare services
RE
01/14WARREN BUFFETT : Doing a Buffett? Bet on S&P 500 causes flap on options market
RE
01/08BERKSHIRE HATHAWAY : More U.S. regions see job openings outnumbering jobless
RE
01/08BERKSHIRE HATHAWAY : Benjamin Moore Gets New CEO
DJ
01/03Apple plunge deepens Warren Buffett's book value woes
RE
01/03Apple plunge deepens Warren Buffett's book value woes
RE
01/03BERKSHIRE HATHAWAY : Class B Closes Down 5.49%, Largest Percent Decrease Since F..
DJ
01/02For Warren Buffett, sinking Apple shares a wish come true
RE
2018Lab-grown diamond prices slide as De Beers fights back
RE
More news
Financials ($)
Sales 2018 249 B
EBIT 2018 28 147 M
Net income 2018 35 010 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 13,73
P/E ratio 2019 15,28
Capi. / Sales 2018 1,94x
Capi. / Sales 2019 1,81x
Capitalization 481 B
Chart BERKSHIRE HATHAWAY
Duration : Period :
Berkshire Hathaway Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BERKSHIRE HATHAWAY
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 369 167 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer & Senior Vice President
Charles Thomas Munger Vice Chairman
David Sanford Gottesman Independent Director
Walter Scott Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BERKSHIRE HATHAWAY-3.59%481 160
TOKIO MARINE HOLDINGS INC0.75%34 335
THE TRAVELERS COMPANIES1.73%31 940
THE ALLSTATE CORPORATION1.94%28 864
SAMPO OYJ3.64%25 314
MS&AD INSURANCE GROUP HOLDING INC3.79%17 501