Twin Cities-based HomeServices of America is expanding its holdings in Texas with the acquisition of three brands owned by Ebby Halliday Real Estate Inc. They include Dallas-based Ebby Halliday Realtors and Dave Perry-Miller Real Estate, and Fort Worth-based Williams Trew Real Estate. The acquisition also includes several affiliated mortgage and title companies, including Home Team Mortgage and Texas Premier Title.
The deal was announced at a recent companywide meeting and is expected to close Friday. Financial terms weren’t disclosed.
Ebby Halliday has been in north Texas since 1945, when the firm was founded by an industry pioneer of the same name. During 2017, the company was involved in more than 18,800 transactions worth more than $8 billion, making it the 12th biggest in the nation in terms of sales volume. Its companies will continue to operate under their current brand names.
Halliday died in 2015. Today, the firm is led by longtime Chief Executive Mary Frances Burleson.
HomeServices of America is the second-largest residential real estate brokerage in the country. Through a variety of operating companies, HSA owns Berkshire Hathaway HomeServices, Real Living Real Estate and Prudential Real Estate franchise networks. HSA is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. HomeServices’ operating companies also offer a variety of real estate services, including brokerage services, mortgage originations, title and closing services, property and casualty insurance and home warranties.
HomeServices of America made its first corporate-owned acquisition in Texas in 2015 with its acquisition of Allie Beth Allman & Associates, a top-five brokerage in Dallas County. At the time the company had 335 agents; in 2014 the company closed nearly 2,100 units worth $1.5 billion.
“This was a premier target for us, and now we’re there,” Ron Peltier, HomeServices’ Chief Executive said at the time.
HSA has been on a shopping spree for the past several years as it targets companies in new and existing markets. The company’s biggest most-recent acquisition Chantilly, Va.-based Long & Foster Cos., which had nearly $29 billion in sales during 2016. Long & Foster had 11,000 agents in more than 230 offices across the mid-Atlantic states.