MINNEAPOLIS, MINN. (May 10, 2016) – HomeServices of America, Inc., a Berkshire Hathaway affiliate, today announced the acquisition of Berkshire Hathaway HomeServices Real Estate Professionals, one of western Oregon’s leading residential real estate brokerage firms. Terms were not disclosed.
Headquartered in Salem, Oregon, Berkshire Hathaway HomeServices Real Estate Professionals serves the communities of Salem, Keizer, Stayton, Corvallis, Albany, Eugene, Springfield and Roseburg with nearly 200 agents in seven offices. In 2015, Real Estate Professionals closed nearly 3,200 units representing $755 million of sales volume.
Real Estate Professionals will join the Berkshire Hathaway HomeServices Northwest Real Estate family of companies, which has offices serving the Portland and Seattle metropolitan areas and surrounding communities. Byron Hendricks, the current president and CEO of Real Estate Professionals, will continue to manage the company’s day-to-day operations along with its sales management teams. Real Estate Professionals will continue to operate under its existing name without change or interruption.
“This transaction makes one of the premier firms in western Oregon an even stronger organization,” Hendricks said. “By joining HomeServices of America and uniting with Berkshire Hathaway HomeServices Northwest Real Estate, we will be unmatched in our ability to serve the real estate needs of new and existing clients throughout the communities we serve.”
“Real Estate Professionals is a company known for its for strong leadership and talented agents,” said Ron Peltier, chairman and CEO of HomeServices. “This transaction aligns with our vision of expanding our presence within existing markets by acquiring market-leading companies that share our core values.”
“Real Estate Professionals has been a long-time, valued partner to Berkshire Hathaway HomeServices Northwest Real Estate and I am excited that this great company will be part of our team,” said Jason Waugh, president and CEO of Berkshire Hathaway HomeServices Northwest Real Estate. “Joining our companies will create exciting opportunities for continued growth as we serve our clients throughout the Pacific Northwest.”
“We are pleased to be expanding our footprint in western Oregon and are looking forward to having the Real Estate Professionals team join the HomeServices family,” Peltier said.
With this transaction, HomeServices has nearly 27,000 real estate professionals operating in 487 offices across 27 states. In 2015, the company’s associates facilitated over $78 billion in residential real estate sales and more than 225,000 transactions.