HomeServices of America® Announces the Acquisition of Berkshire Hathaway HomeServices Florida Network Realty

Minneapolis, Minn. (May 17, 2016) – HomeServices of America., a Berkshire Hathaway affiliate, today announced the acquisition of Berkshire Hathaway HomeServices Florida Network Realty, a recognized leader in the northeast Florida real estate market. Terms were not disclosed.

Headquartered in northeast Florida for nearly 28 years, Florida Network Realty serves the area with more than 330 sales associates in eight offices. In 2015, Florida Network Realty ranked second in market share by sales volume and closed more than 3,000 units and nearly $900 million in volume.

Founded in 1988 by Linda Sherrer, Berkshire Hathaway HomeServices Florida Network Realty is known for its commitment to providing its agents and clients with the highest level of customer service, expertise, and resources. Sherrer, president and CEO, is among real estate’s most recognized and influential leaders, and is known for her industry expertise and leadership as well as her extensive civic and philanthropic activities. Sherrer, together with executive vice president Christy Budnick, will continue to lead Florida Network Realty’s strategic planning and growth initiatives as well as manage the company’s day-to-day operations.

“Berkshire Hathaway HomeServices Florida Network Realty is a premier company with an exceptional reputation,” said Ron Peltier, HomeServices’ chairman and CEO. “This transaction aligns with our goal of acquiring distinguished companies that share the common goal of providing an exceptional consumer experience.”

“We are proud to be part of the HomeServices of America family,” said Sherrer. “We are joining an organization known for its strength and stability and one that supports our high standards of service and integrity. This transaction is a win/win for our clients, agents, and employees.”

“We are excited to be in Jacksonville and are looking forward to having Linda, Christy, and their team join the HomeServices family,” Peltier said.

The acquisition further expands HomeServices’ presence in Florida, which includes Miami-based Esslinger, Wooten and Maxwell Realty International, which HomeServices acquired in 2003.With this transaction, HomeServices has nearly 27,000 real estate professionals operating in nearly 500 offices across 27 states. In 2015, the company’s associates facilitated over $79 billion in residential real estate sales and more than 229,000 transactions.