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HomeServices of America Acquires Ebby Halliday Companies to Expand in Texas.

MANews-(C)2009-2018

6 June 2018 - Minnesota, US-based residential real estate brokerage HomeServices of America, Inc., a Berkshire Hathaway affiliate, has acquired Texas, US-based private residential real estate company Ebby Halliday Companies, including Ebby Halliday's three real estate brands, the company said.

Financial terms of the transaction were not disclosed.

Ebby Halliday's three real estate brands are Ebby Halliday, REALTORS, Dave Perry-Miller Real Estate and Williams Trew Real Estatea[euro]"and their affiliated mortgage and title companies.

All three brands are located in Texas. Ebby Halliday's portfolio of companies will continue to operate under their current brand names.

The acquisition further expands HomeServices' presence in Texas, which includes Dallas-based Allie Beth Allman and Associates, which HomeServices acquired in 2015. With this transaction, HomeServices has nearly 42,500 real estate professionals operating in nearly 900 offices across 30 states.

HomeServices of America is a providers of homeownership services, including brokerage, mortgage, franchising, title, escrow, insurance, and relocation services. HomeServices of America is the owner of the Berkshire Hathaway HomeServices, Real Living Real Estate and Prudential Real Estate franchise networks. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc.

Ebby Halliday Companies has approximately 1,850 agents and staff in 35 offices spanning 12,000 square miles of North Texas. In 2017, the company participated in over 18,800 transactions with a sales volume of more than USD 8bn.

Country: USA

Sector: Construction/Real Estate

Target: Ebby Halliday Companies

Buyer: HomeServices of America

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U7TX
Date:Jun 6, 2018
Words:266
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