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Wednesday, Aug 14
Berkshire adds to housing exposure
- Berkshire Hathaway's (BRK.A, BRK.B) HomeServices of America adds to its realtor stable, buying Prudential Fox & Roach with more than 4K brokers and 62 offices in Southeastern Pennsylvania, New Jersey, and Deleware.
- Betting on a housing rebound, HomeServices has been busy on the acquisition trail the last two years, and is now the country's 2nd largest residential broker (Realogy Holdings is #1).
- Included in the purchase is Trident Group - a mortgage and insurance broker.
- Press release.