MINNEAPOLIS--(BUSINESS WIRE)--HomeServices of America, Inc., a Berkshire Hathaway affiliate, today announced the acquisition of Allie Beth Allman & Associates, a recognized leader within the Dallas luxury real estate market. Terms were not disclosed.
Headquartered in Dallas, Allie Beth Allman & Associates serves the Dallas–Ft. Worth metropolitan area and surrounding communities with 335 sales associates. Since 2007, Allie Beth Allman & Associates has consistently ranked in the top-five market share in Dallas County by sales volume and in 2014 closed nearly 2,100 units and $1.5 billion of volume.
Founded in 2003, Allie Beth Allman & Associates is recognized as the highest-grossing, single office residential real estate firm in Dallas, and the name is synonymous with exclusive estates, high-profile clientele, and superior customer service. Allie Beth Allman, founder and chief executive officer, is among the most influential leaders in North Dallas and is known for her industry expertise and leadership, as well as her extensive civic and philanthropic contributions. Allman, together with her executive and sales management team, will continue to lead the firm’s growth initiatives and manage day-to-day operations.
The acquisition represents HomeServices’ entry into Texas and the Dallas–Ft. Worth region. With this transaction, HomeServices has nearly 26,500 real estate professionals operating in 480 offices across 27 states. In 2015, the company’s associates will facilitate over $77 billion in residential real estate sales and more than 220,000 transactions.
“Allie Beth Allman & Associates is a strong company with an exceptional reputation in a growth market,” said Ron Peltier, HomeServices’ chairman and CEO. “This transaction aligns with our vision of acquiring distinguished companies in leading markets that share our core values.”
“We are proud to be part of HomeServices of America,” said Allman. “We are joining an organization known for its strength and stability; one that is consistent with our high standards of service, integrity and community involvement, making this a win/win for our clients and our agents.”
“We are excited to be in Dallas and are looking forward to having Allie Beth and her team join the HomeServices family,” Peltier said.
About HomeServices of America
HomeServices of America, Inc. is the nation’s second-largest residential real estate brokerage company and, through its operating companies, is one of the largest providers of integrated real estate services. HomeServices of America is the majority owner of the Berkshire Hathaway HomeServices, Prudential Real Estate, and Real Living Real Estate franchise networks. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. HomeServices’ operating companies offer integrated real estate services, including brokerage services, mortgage originations, title and closing services, property and casualty insurance, home warranties, and other homeownership services. HomeServices Relocation, LLC is the full-service relocation arm of HomeServices of America, which provides every aspect of domestic and international relocation to corporations around the world. HomeServices operates under the following residential real estate brands: Allie Beth Allman & Associates; Berkshire Hathaway HomeServices California Properties; Berkshire Hathaway HomeServices Carolinas Realty; Berkshire Hathaway HomeServices First Realty; Berkshire Hathaway HomeServices Fox & Roach, Realtors®; Berkshire Hathaway HomeServices Georgia Properties; Berkshire Hathaway HomeServices Kansas City Realty; Berkshire Hathaway HomeServices New England Properties; Berkshire Hathaway HomeServices Northwest Real Estate (Portland); Berkshire Hathaway HomeServices Northwest Real Estate (Seattle); Berkshire Hathaway HomeServices KoenigRubloff Realty Group; Berkshire Hathaway HomeServices York Simpson Underwood Realty; Berkshire Hathaway HomeServices Yost & Little; Carol Jones Realtors®; CBSHOME Real Estate; Champion Realty Inc.; Edina Realty; EWM Realtors®; First Weber Realtors®, Guarantee Real Estate; Harry Norman, Realtors®; HOME Real Estate; Huff Realty; Intero Real Estate Services; Iowa Realty; Long Companies; RealtySouth; Rector-Hayden Realtors®; ReeceNichols; Roberts Brothers Inc.; Semonin Realtors®; and Woods Bros. Realty.
Information about HomeServices is available at www.homeservices.com.
About Allie Beth Allman & Associates
Allie Beth Allman & Associates was founded in 2003. The company has one office and over 300 agents that serve the Dallas metropolitan area. The majority of exclusive listings are in the established, higher-end neighborhoods of Dallas – Highland Park, University Park, Preston Hollow, Bluffview, Turtle Creek, Uptown and Lakewood – but the firm’s activity covers the entire Dallas-Fort Worth Metroplex and major luxury markets around the world. (www.alliebeth.com/)