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HomeServices of America Acquires Berkshire Hathaway HomeServices Ambassador to Strengthen Presence in Omaha Real Estate Market.

MANews-(C)2009-2018

21 June 2018 - Minneapolis, US-based HomeServices of America, Inc., an affiliate of Berkshire Hathaway has acquired Omaha, Nebraska, US-based Berkshire Hathaway HomeServices Ambassador Real Estate as well as an ownership interest in Ambassador Title Services, the company said.

Financial terms of the transaction were not disclosed.

The acquisition further expands HomeServices' presence in the Omaha and Lincoln, Nebraska markets, which include Omaha-based CBSHOME and Lincoln-based Woods Bros. Realty and HOME Real Estate. They will continue to operate as independently-branded companies in their respective markets.

With this transaction, HomeServices has nearly 43,000 real estate professionals operating in nearly 900 offices across 30 states.

In 2017, the company's associates facilitated over USD 137bn in residential real estate sales and nearly 360,000 transactions (including the 2017 and 2018-to-date acquisitions pro-forma), further strengthening HomeServices' position of becoming the nation's largest real estate brokerage company based on transactions.

Country: USA

Sector: Construction/Real Estate

Target: Berkshire Hathaway HomeServices Ambassador Real Estate, Ambassador Title Services (stake)

Buyer: HomeServices of America

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U4NE
Date:Jun 21, 2018
Words:190
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