Minneapolis, Minn. (November 11, 2015) – HomeServices of America, Inc., a Berkshire Hathaway affiliate, today announced the acquisition of Allie Beth Allman & Associates, a recognized leader within the Dallas luxury real estate market. Terms were not disclosed.
Headquartered in Dallas, Allie Beth Allman & Associates serves the Dallas–Ft. Worth metropolitan area and surrounding communities with 335 sales associates. Since 2007, Allie Beth Allman & Associates has consistently ranked in the top-five market share in Dallas County by sales volume and in 2014 closed nearly 2,100 units and $1.5 billion of volume.
Founded in 2003, Allie Beth Allman & Associates is recognized as the highest-grossing, single office residential real estate firm in Dallas, and the name is synonymous with exclusive estates, high-profile clientele, and superior customer service. Allie Beth Allman, founder and chief executive officer, is among the most influential leaders in North Dallas and is known for her industry expertise and leadership, as well as her extensive civic and philanthropic contributions. Allman, together with her executive and sales management team, will continue to lead the firm’s growth initiatives and manage day-to-day operations.
The acquisition represents HomeServices’ entry into Texas and the Dallas–Ft. Worth region. With this transaction, HomeServices has nearly 26,500 real estate professionals operating in 480 offices across 27 states. In 2015, the company’s associates will facilitate over $77 billion in residential real estate sales and more than 220,000 transactions.
“Allie Beth Allman & Associates is a strong company with an exceptional reputation in a growth market,” said Ron Peltier, HomeServices’ chairman and CEO. “This transaction aligns with our vision of acquiring distinguished companies in leading markets that share our core values.”
“We are proud to be part of HomeServices of America,” said Allman. “We are joining an organization known for its strength and stability; one that is consistent with our high standards of service, integrity and community involvement, making this a win/win for our clients and our agents.”
“We are excited to be in Dallas and are looking forward to having Allie Beth and her team join the HomeServices family,” Peltier said.