Berkshire Hathaway to acquire Ebby’s three real estate brands
North Texas’ largest independent residential property company, EbbyHalliday Realtors madeit’s biggest sale ever in the company’s history. It handled more than $8 billion in home sales last year.
EbbyHalliday has announced that it’s being bought by HomeServices of America Inc., a Berkshire Hathaway affiliate. Speculation about the purchase by billionaire Warren Buffett and his Omaha-based Berkshire Hathaway Corp. Company has swirled from quite some time. The acquisition will include Ebby’s three real estate brands: Dallas-based EbbyHalliday, REALTORS and Dave Perry-Miller Real Estate and Fort Worth-based Williams Trew Real Estate, as well as firm’s affiliated mortgage and other title companies. The EbbyHalliday portfolio of companies’ brands will continue to operate under their current brand names
To announce the pending transaction,EbbyHalliday’s officials held a company-wide meeting on Monday, at The Star in Frisco which is Dallas Cowboys’ headquarters. Terms of the deal are not disclosed yet to the media.