HomeServices of America, the country’s second-largest residential real estate brokerage company, has acquired Berkshire Hathaway HomeServices Florida Network Realty. Terms of the acquisition were not disclosed.
Headquartered in northeast Florida for nearly 28 years, Florida Network Realty has 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.
“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.”
HomeServices Chairman and CEO Ron Peltier said, “Berkshire Hathaway HomeServices Florida Network Realty is a premier company with an exceptional reputation. This transaction aligns with our goal of acquiring distinguished companies that share the common goal of providing an exceptional consumer experience.
The acquisition 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 more than $79 billion in residential real estate sales and more than 229,000 transactions.
“We are excited to be in Jacksonville,” Peltier said, “and are looking forward to having Linda, Christy, and their team join the HomeServices family.”
