Berkshire Hathaway HomeServices Acquires Prudential Fox and Roach
Berkshire Hathaway HomeServices Acquires Prudential Fox and Roach
One of the largest independent real estate brokerages, Prudential Fox & Roach Realtors, has announced it has been acquired by HomeServices of America Inc., an affiliate of Warren Buffett’s Berkshire Hathaway. Prudential Fox & Roach has 62 offices and 4,000 sales associates in Pennsylvania, New Jersey, and Delaware.
Prudential Fox & Roach will keep its name until fall, when it becomes a branded franchise of HomeServices of America. The acquisition is HomeServices’ entry into the mid-Atlantic market. The Minneapolis-based firm has more than 21,000 real estate professionals operating in 24 states. In 2012, HomeServices associates facilitated nearly $53 billion in residential real estate sales, nearly 186,000 transactions, and nearly 153,000 mortgage, insurance, title and escrow transactions. HomeServices of America is also acquiring The Trident Group, Prudential Fox & Roach’s mortgage, insurance and land transfer subsidiary.
“We are proud to be a part of HomeServices of America,” Larry Flick, chairman and CEO of Prudential Fox & Roach, Realtors and The Trident Group, said in a statement. “We are joining an organization known for its strength and stability, one that is consistent with our high standards of service and integrity, making this a win/win for our customers and our sales associates.”
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Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
